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View Diary: "Incredibly Shrinking Liquidity" as Goldman Flushed Quant Trading (83 comments)

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  •  There is increasing evidence out there that GS (3+ / 0-)
    Recommended by:
    maynard, vets74, RenderQT

    is rigging the game in its favor, in particular the Matt Taibi RS article and the ongoing posts at Zero Hedge.  One of the more disturbing actions by GS, pointed out by Durden at Zero Hedge, is their unique client disclaimer in which they are allowed to access all keystrokes and other information of clients using their service.

    •  Yeah, if it winds up being true that GS (2+ / 0-)
      Recommended by:
      vets74, Ezekial 23 20

      is front-running their own clients, it will be the ultimate financial facepalm.

      •  Ezekial hits the nail on the head, above... (1+ / 0-)
        Recommended by:

        ...GS, through access to the system as a result of their special gov't perks, was/is able to read the data on trades before it's committed, and place their own buys or sells accordingly in that brief moment, thus allowing them to essentially steal buttloads of money every day from the rest of the punters.

        Two things come out of this:

          1. If true, this should be highly illegal, and would, in any sane country result in something like what happened to Arthur Andersen....

        His 2. is quite true, but off point.

        Angry White Males + DSM IV Personality Disorder delusionals + sane Pro-Lifers =EQ= The Base

        by vets74 on Tue Jul 07, 2009 at 04:11:31 PM PDT

        [ Parent ]

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