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View Diary: Economic Terrorism and Krugman's Latest: "The clear and present danger...is what is happening now." (267 comments)

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  •  And so where are (2+ / 0-)
    Recommended by:
    YucatanMan, cpresley

    our leaders who are bold enough to at least address some of these issues?

    Goldman Sachs for one, which seems aligned against what used to be our core Democratic principles, now has the strong support of both parties.

    Great diary.

    •  Goldman Sachs' priveleged position regarding (3+ / 0-)
      Recommended by:
      cpresley, lostinamerica, Dunvegan

      connections to the trading computers and all other areas of investment need to be slashed.

      Preferably by some blue collar workers using axes to hack at fiber optic lines running in to their building.

      I'm entirely serious.  GS is plugged directly into all trades and knows what everyone is attempting to do before they do it.  They then do millisecond trades to profit from that.  Their preferred position is supposed to prevent collapses from happening.  Lots of good that has done.

      Axes. Now.

      Progress occurs when courageous, skillful leaders seize the opportunity to change things for the better. -- Harry S Truman

      by YucatanMan on Fri May 06, 2011 at 10:14:59 AM PDT

      [ Parent ]

      •  I know the GS-NYSE-NASDC architecture re. this (1+ / 0-)
        Recommended by:
        YucatanMan

        1. About 10 years ago I worked both day and night shifts at Barclays Global Investors. One day our trading floor was just a few trades short of NYSE trades for that day.

        Before I left work at 6 p.m. PT, I set in motion an application that ran for about 8 hours...if for any reason that app failed, my beeper told me to walk downtown to the office in the Financial District in San Francisco and reboot that particular app. I was single and lived closest to the office, and was dependable, and was told if I ever failed to reboot the app, I would be fired. I rebooted about a dozen times in 2 years.

        About a year into my work at Barclays I found out that app was communicating with Goldman Sachs and doing "calculations." I was not told anything else, even though it would assist in my reboot ability.

        2. About 6 years ago I worked for BBN in Cambridge on a large project to re-architect the NYSE communications network.

        3. While touring many NYSE sites, we were walking across a street to the exchange. The Senior Architect said "Below us are also land lines, for immediate and always-up communications with a very few very special clients." I said, "I'm working on this architecture, I'd like to know who these clients are." He whispered, "Well...Goldman Sachs."

        4. While reworking the architecture and timing of calls to the floor, one day I said to myself..."Oh."

        ---------------

        "When fascism comes to America, it will be wrapped in a flag and carrying a cross."

        -- Sinclair Lewis

        Arizona: Land of Ihre Papiere, Bitte.

        by Dunvegan on Fri May 06, 2011 at 07:31:12 PM PDT

        [ Parent ]

        •  Now I'm a Sr. Partner in a Consulting Firm (1+ / 0-)
          Recommended by:
          YucatanMan

          Sunstorm Security Group.

          All I can say here is our largest client is NASDAQ.

          I cannot say anything about GS and NASDAQ.

          I can say what was said above about axes is "interesting."

          :*)

          ---------------

          "When fascism comes to America, it will be wrapped in a flag and carrying a cross."

          -- Sinclair Lewis

          Arizona: Land of Ihre Papiere, Bitte.

          by Dunvegan on Fri May 06, 2011 at 07:40:07 PM PDT

          [ Parent ]

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