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

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

    ...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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