Goldman Sacks, code stolen

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pahunkboy -> Goldman Sacks, code stolen (7/5/2009 7:14:53 PM)
http://market-ticker.denninger.net/ The bad news for Goldman though is that if this code is now in the hands of who knows how many other people, what sort of fun could ensue by knowing how Goldman is analyzing the markets? The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman's automated stock and commodities trading business. Federal authorities contend the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major financial institution generate millions of dollars in profits each year./ snip there is a pdf on the link. 10 pages. so a programmer that worked there- stole the list- software. who know how now has it, what was in it- and what the outcome will be. GS is one of the banks that has back dated stock sales... and GS is also along with JPM, the banks that short PMs 22x, which is why the mint in Canada had an inventory loss- as it was sent to the COMEX- and the COMEX sooner or later will be busted. So- ok- if one programmer- took this code, who else took what else????

DarkSteven -> RE: Goldman Sacks, code stolen (7/5/2009 9:31:17 PM)
So the thief will be able to lose money on stocks just like GS is able to?

pahunkboy -> RE: Goldman Sacks, code stolen (7/6/2009 8:25:08 AM)
In this case another brokerage firm at the minimum. The chances of wrong doing exposed or copied- checked are pretty good now. GS pulls alot of fast ones. It isnt one guy that has this trade secret now...but whomever he passed it onto. Could be dozens of places he passed it on to. Sort like if the code to my garage door was passed on. Folks could get in and see the stolen mag wheels- the cat convertes, the lock pick tools, and the stolen car parts. Along with the list of where it all was stolen from.

FullCircle -> RE: Goldman Sacks, code stolen (7/6/2009 1:59:45 PM)
quote: ORIGINAL: pahunkboy Sort like if the code to my garage door was passed on. Folks could get in and see the stolen mag wheels- the cat convertes, the lock pick tools, and the stolen car parts. Along with the list of where it all was stolen from. Why would you keep a list of who you stole things from are you trying to make it easy for the police?

pahunkboy -> RE: Goldman Sacks, code stolen (7/6/2009 2:43:16 PM)
Couldn't happen to a nicer market rigger * * * A Goldman Trading Scandal? By Matthew Goldstein Reuters Sunday, July 5, 2009 http://blogs.reuters.com/great-debate/2009/07/05/a-goldman-trading-scand... Did someone try to steal Goldman Sachs' secret sauce? While most in the United States were celebrating the Fourth of July holiday, a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution. Authorities did not identify the firm, but sources say that institution is none other than Goldman Sachs. The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman's automated stock and commodities trading business. Federal authorities contend the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major financial institution generate millions of dollars in profits each year. The platform is one of the things that gives Goldman an advantage over the competition when it comes to the rapid-fire trading of stocks and commodities. Federal authorities say the platform quickly processes rapid developments in the markets and using secret mathematical formulas, allows the firm to make highly-profitable automated trades. The criminal case has the potential to shed a light on the inner workings of an important profit center for Goldman and other Wall Street firms/ snip http://www.gata.org/ <-- the organization that monitors Precious metals markets. Think of GS as a casino. Others follow the rules and invest... but GS and JPM plays games with the assets- commingle- back date, both are owners of the private federal reserve. Which has never been audited. http://www.congress.org These big boys- are thugs. Consider a huge % of pension funds to be "gone". Even if you do not have a pension, you do trade with people who do. These funds will have to be shored up. Note that the bail out money- at this point- could have paid off EVERY MORTGAGE in America...and still had alot left over. Think about payday loans and rent-a-center, high interest credit card- with terms changing and fees galore. Even at that- GS -JPM cant get by. The tax payer is getting screwed. Any talk about a younger generation paying for it- is a dream. They are not going to pay it. In the past 10 years- no one is responsible for anything. The peon is to follow the rules- pay his/her taxes, take wage cuts, and accept a lower standard of living. Meanwhile- the robber barons are too big to fail.... Even people who are worth a few hundred million $ are not part of the elite. They are about to pass a law- that any business can be taken for any reason. The federal reserve wants expanded powers. The thing is- every 80 years- the money changers pull this. And for a long time America was immune to this. But that was then, and this is now.

pahunkboy -> RE: Goldman Sacks, code stolen (7/6/2009 9:25:42 PM)
Goldman fears infringement of its market-rigging power Submitted by cpowell on 03:35PM ET Monday, July 6, 2009. Section: Daily Dispatches It's in the fourth paragraph. It's fair that Goldman Sachs has the technology to manipulate a market and unfair if anyone else has it. * * * Goldman Sachs' Investment in Trading Program Put at Risk by Theft By David Glovin and Christine Harper Bloomberg News Monday, July 6, 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ NEW YORK -- Goldman Sachs Group Inc. may lose its investment in a stolen proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said./snip ahhh. Bloomberg. The organization that sued to learn where the TARP money went.

susie -> RE: Goldman Sacks, code stolen (7/7/2009 12:16:29 AM)
quote: ORIGINAL: pahunkboy Couldn't happen to a nicer market rigger * * * A Goldman Trading Scandal? By Matthew Goldstein Reuters Sunday, July 5, 2009 http://blogs.reuters.com/great-debate/2009/07/05/a-goldman-trading-scand... Did someone try to steal Goldman Sachs' secret sauce? While most in the United States were celebrating the Fourth of July holiday, a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution. Authorities did not identify the firm, but sources say that institution is none other than Goldman Sachs. The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman's automated stock and commodities trading business. Federal authorities contend the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major financial institution generate millions of dollars in profits each year. The platform is one of the things that gives Goldman an advantage over the competition when it comes to the rapid-fire trading of stocks and commodities. Federal authorities say the platform quickly processes rapid developments in the markets and using secret mathematical formulas, allows the firm to make highly-profitable automated trades. The criminal case has the potential to shed a light on the inner workings of an important profit center for Goldman and other Wall Street firms/ snip http://www.gata.org/ <-- the organization that monitors Precious metals markets. Think of GS as a casino. Others follow the rules and invest... but GS and JPM plays games with the assets- commingle- back date, both are owners of the private federal reserve. Which has never been audited. http://www.congress.org These big boys- are thugs. Consider a huge % of pension funds to be "gone". Even if you do not have a pension, you do trade with people who do. These funds will have to be shored up. Note that the bail out money- at this point- could have paid off EVERY MORTGAGE in America...and still had alot left over. Think about payday loans and rent-a-center, high interest credit card- with terms changing and fees galore. Even at that- GS -JPM cant get by. The tax payer is getting screwed. Any talk about a younger generation paying for it- is a dream. They are not going to pay it. In the past 10 years- no one is responsible for anything. The peon is to follow the rules- pay his/her taxes, take wage cuts, and accept a lower standard of living. Meanwhile- the robber barons are too big to fail.... Even people who are worth a few hundred million $ are not part of the elite. They are about to pass a law- that any business can be taken for any reason. The federal reserve wants expanded powers. The thing is- every 80 years- the money changers pull this. And for a long time America was immune to this. But that was then, and this is now. Goldman Sachs make sauce? Who knew.............

Politesub53 -> RE: Goldman Sacks, code stolen (7/7/2009 1:35:34 AM)
quote: ORIGINAL: susie Goldman Sachs make sauce? Who knew............. It`s a hot topic Susie. [;)]

pahunkboy -> RE: Goldman Sacks, code stolen (7/7/2009 8:07:11 AM)
Wednesday- there might be some type of announcement. This is Enron. Interesting timing. The federal reserve wants expanded powers now. (of which Goldman Sachs is part of) The good news is- that 20-30% of the banks are solvent. (I thought the figure was lower then that.) The only way we have any chance at all of fixing the problem- is if we know the full details of it. TARP- is blending banks one into a different bank. That way if the number is 8000 bank failures- it looks better if the banks are combined and then fail. (as it brings the number down) Note that a few on the Obama team are form Goldman Sachs boys. Note that supposedly a computer model got us into the mess. Somehow I don't think this is the last of the former employees spilling the secrets.

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