pahunkboy
Posts: 33061
Joined: 2/26/2006 From: Central Pennsylvania Status: offline
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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.
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