blacksword404
Posts: 2068
Joined: 1/4/2008 Status: offline
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quote:
ORIGINAL: Brain Matt Taibbi maintains that Goldman Sachs has been “engineering every market manipulation since the Great Depression.” When Goldman does not get its way, it is in a position to throw a tantrum and crash the market. It can do this with automated market making technologies like the one invented by Max Keiser, which he claims is now being used to turbocharge market manipulation. Want to hear something hilarious? Goldman claims they had a computer program stolen. One they themselves used. What is the danger from it possibly falling into the wrong hands? “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said, according to a recording of the hearing made public yesterday. “The copy in Germany is still out there, and we at this time do not know who else has access to it.” Basically exactly what they themselves do. http://www.bloomberg.com/apps/news?pid=20601087&sid=axYw_ykTBokE Oh, someone put in a b instead of a m and the whole stock market goes down? Hmm. Did they actually have billions of stock to trade? Interesting. How do you sell billions if you only have millions?
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Don't fight him. Embrace your inner asshole. Tu fellas magnus penum meum...iterum Genuine catnip/kryptonite. Ego sum erus. The capacity to learn is a gift, the ability to learn a skill, the willingness to learn a choice. Dune HH
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