This essay has a rather theoretical introduction, but a detailed discussion of the criminal-type behavior involved with high frequency trading, naked short selling, and credit defaults fraud can be found if one skips past the introductory pages and starts reading at "Recovery?" (page 3 of 35).
The phrase "transactional capitalism" comes from Max Keiser and Stacey Herbert. I found their work to be very instructive in developing this essay. http://maxkeiser.com/
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