‘Dumb Money Express’

Online traders may be “dumb money” to Wall Street, but they are not illiterate. “E-Trading a Bad Deal for Investors?” [Aug. 20] covered investigations into questionable trade execution policies by E-Trade and Charles Schwab, among others.

Part 2 of this woeful tale, “Do Wall Street Firms Know Too Much?” [Aug. 27], details another layer of trade fleecing by wholesalers known as “market makers.”

After merrily profiting while other sectors went under the knife of the “new economy,” some of these financial wizards don’t seem to hear the approaching train. That’s the “Dumb Money Express,” fellas.

DANIEL SULLIVAN

San Diego