concur. Wall street pulls the same shit when they declare 'self-help' in the markets. This is usually on a down day and never on an up day. Always claim that orders are not being processed correctly or imbalances exist across the market makers. If anyone has the capacity to NOT have an issue it's the banking/financial system.
They can process 1000's of trades within a second of time with algo trading but can't have a system that protects itself from latency…
Big pile of bullshit coming from them
Goes back farther
from 1997
LONG BEACH DESK - The Long Beach Naval Station was tentatively placed on the Military Base Closure-List by president George Bush in 1991. President Bill Clinton, closed the naval base last in 1993. That resulted in the loss to Long Beach, California of 17,500 military and civilian jobs. The economic impact of the of loss was $52.5 million and drove the California economy into the tank. It has never recovered.
Between 1995-1996, during the heat of the Clinton-Gore Campaign fund raising activity, the Clinton administration actively intervened to make sure a Communist Chinese cargo container shipping interest got a too-good deal on a Long Beach, California, shipping terminal.
The Secretary of the Navy has formally turned the base over to the City of Long Beach. But, the Port of Long Beach has signed a letter of intent to lease the property to the China Ocean Shipping Co., a steamship line run by the Communist Chinese government.
The Navy base property is about to be leased to a Communist China-owned shipping company under an agreement that was only made possible by the intervention of the White House.
Forced by a court order, Port of Long Beach officials have now set March 12, 1997 for a new public hearing on plans to bulldoze the Naval Station and lease the property to the Comunist Chinese shipping company.
After a hearing before the court, a judge ruled last week that the deal had been rushed and proper procedures had not been in place.
Clinton was so eager to push the deal through that he met twice with Long Beach officials and once at a White House meeting in 1995 that included his then-chief of staff and the Pentagon's No. 2 official and others.
The deal finally approved by the Secretary of the Navy turns over control of the Long Beach Naval Station, with a value of at least $65 million, free of charge to the City of Long Beach. The city has agreed to lease it to the China Ocean Shipping Co. of the People's Republic of China.
The Chinese deal apparently went forward without a national security review by wither the CIA or National Security Council. The White House apparently avoided normal and routine government channels in pushing the deal through in 1995. '… there seemed to be no reason to check with the National Security Council on the decision …' White House spokesman Lanny Davis said.
However, the China Ocean Shipping Co. of the People's Republic of China has been actively involved in several recent controversies in addition to a Russian AK-47 gun-smuggling episode on the streets of Oakland, California. In another shocking incident in December, one of the company's ships plowed into a crowded boardwalk in New Orleans, injuring 116 people.
http://www.dailyrepublican.com/chinesegot.html
Regarding the Long Beach Digs
https://www.longshoreshippingnews.com/tag/punta-colonet/
https://puntacolonetmega-port.blogspot.com/
^^^^^^^
This was being planned about 12 years ago and was ultimately shelved. The LBP would have gotten to capacity if the 2008 crash had not habbened so this huge project was cooked up to be built south of ensenada to pick up the slack.
See pic for what it would have looked like.
Spent much time in baja and this was going to be a monstrosity if it was built. Would have had a rail connection into Yuma too.
this is a better idea
that would make you an older anon then wouldn't it?