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

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  •  Whistleblowing vital (1+ / 0-)
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    Nice to know there are patriotic Americans who will speak off when people are getting ripped off.
    I couldn't help but notice that federal government sites were hit by DoD attacks recently. Could the more general hacking be a way to cover up past illicit actions, kind of like wiping out the old connection data on routers so as not to leave a trace of the traffic used to sniff data?
    Just how much does our government know? Is it like 9-11 where knowing something bad will happen--foreknowledge--isn't the moral equivalent of participating in it? Or do regulators know about the quant trading and are they just staying quiet?
    Is this scandal anything like the mutual fund fee scam that erupted in 2003? Even if there's a fine, where does it go? What's being done to correct the vulnerabilities and systemic problems--gaps in regulation perhaps?--that led to the crisis, like the credit crash? Too many questions, with answers not easily answered.

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