NY TIMES: A Secretive Banking Elite Rules Trading in Derivatives

Friday, September 19, 2008
Kill the Bankers
[link to captaincapitalism.blogspot.com]

That rant is going to cause an investigation.

Yep, these guys need to be exposed to the public. Make their names well known and splattered across the newspapers and internet.

Yes, they played both sides of the fence. Judy Miller was the main WMD shill girl.

It would seem he has been setup by corrupt politicians and legal people in cahoots with Goldman Sachs.
It seems they didn't want him working in the biz anymore where he could write competing algorithms that steal profits from Goldman Sucks.
The whole Jury was a fraud on the take bribed.
This is what im seeing.

What about Joe Wilson saying there was or is no yellow cake, and what about his beautiful wife Valorie Plume; they ousted while on active duty. Not limited to but including the 3,000 plus souls they slaughtered, the same with 7/7 going live. Dont believe the hype.

the leader has a secret.

I believe Jessie Venture covered or raided this guys last month. If its the same group, another A+ for Jessie.

We're being suppressed and deceived big time. Whoever is behind this is like a global magician using not sleigh of hand methods but sleigh of minds to deceive us into deceiving ourselves.

Mainstream media, education, social culture (popularized by design), are all working together as a machine to rule and control our consciousness and to keep us from ever finding out or re-discovering the truth about our history. Everything that we think is part of our history that stretches back hundreds or thousands of years is probably all false and was re-written by whoever conquered our planet.

That's not much of a gift. I do not expect a loving God to ask for payment for the gift of life. Are we accountable for what we do with our gifts? Certainly. But I do not believe that we owe payment on them. If so, it was no gift at all.

You're missing the real point:

US Attorney Kicks Own Goal (On Goldman)?


One has to wonder....

“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 today. “The copy in Germany is still out there, and we at this time do not know who else has access to it.”

Uhhhhhhhhh.....

Let's see.... so someone who knows how to use this program can use it to manipulate markets can they?

Is that manipulation "in fair ways" if Goldman uses it, but "unfair ways' if someone other than Goldman uses it?

That seems to be a rather different claim than this:

July 6 (Bloomberg) -- Goldman Sachs Group Inc. may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said.

Well of course. That's what these sorts of cases are usually about. Someone misappropriates some trade secret material and by using it they would give someone the same advantages in a marketplace that the rightful owner (who spent plenty to develop it) has.

But that's not market manipulation, is it?

Once again, the claim made in open court:

“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 today.

Did Assistant US Attorney Facciponti make an erroneous statement, or did he just lay a nuclear egg on the table, step back, and set it off - on accident - admitting in open court that the software in question "can be used to manipulate markets"?

Inquiring minds would like to know. [link to market-ticker.org]

The case of the stolen Goldman software

By Dana Blankenhorn Jul 7, 2009

A Russian immigrant is arrested at Newark Airport and charged with theft of trade secrets in the form of software.

But these are no ordinary secrets. The immigrant is a former Goldman Sachs vice president and the software is the trading company’s “secret sauce,” a system it uses to earn millions of dollars each year for its clients, partners and shareholders... [link to www.smartplanet.com]

Breaking: FBI Arrest Opens Goldman-Sachs' Pandora's Box
[link to whatreallyhappened.com]

Goldman Sachs Punked? The Case of the Stolen Proprietary Algorithm

[...]

"One of the most famous theories on Wall Street is the Random Walk theory propagated by Burton Malkiel, who has asserted that it is impossible to make speculative profits trading equities because Wall Street prices move randomly. No one can predict a truly random market. This theory has achieved great credibility because of the considerable anecdotal support it receives. Anyone who has invested in a mutual fund or listened to a Wall Street broker knows that these “experts” seem to be right 50% of the time. In fact, these experts tell you not to invest short term because the randomness of prices will kill you.

The U.S. government is telling us something different, through Assistant District Attorney Facciponti. Random Walk may well be the situation facing such investors as you and me, but it is not the case for select insiders such as Goldman Sachs. In the first quarter alone, they generated $2 billion in trading profits just from equities trading. They may have access to inside information, or they may have discovered the Holy Grail of markets, or they may have sophisticated proprietary algorithms, or they can simply bully their way to profits. Whatever the answer, they will profit in good markets and bad markets. Life is anything but random for them.

When someone like Mr. Aleynikov interferes with their exclusive and very profitable and very non-random situation, he deserves to go to jail. Nothing should stand in the way of Goldman Sachs profiting from a market that benefits no one else.

Which brings us back to the suspicious statement that if someone other than Goldman Sachs were to have access to this software, they could “manipulate markets in unfair ways.” This is opposed to Goldman Sachs, which is using the program to manipulate markets, but somehow their manipulation is fair. At least so thinks the U.S. government, but it is very unlikely the average investor agrees. The performance of the global equity markets in 2008 was atrocious, but worse still – investors have nothing to show for their investments now going back to 1999.

A decade of waste, or worse if you were among the many millions who borrowed against your home or traded up to a house that you can no longer afford. All during this time, one firm at least has prospered. It now dominates a stock market in which at least a quarter of the trades are unrelated to the buying and selling of stocks as long term investments. It has seen many of its traditional rivals such as Merrill Lynch, Lehman Brothers and Bear Stearns disappear. It routinely shuffles its executives back and forth to high positions in the government. Should anyone trample on its prerogatives, even if it is a foolish individual, it can bring the full weight and majesty of the federal government to bear on the transgressor. While Goldman Sachs thrives, and the rest of us pay the price for their profitability and extraordinary bonuses, is anyone – anyone at all – asking whatever happened to free markets as the linchpin of a capitalist economy?"
[link to agonist.org]

Where there is price non-transparency, there is a near infinitesimal amounts of money to be made. This is how solomon brothers became the most profitable company in the world, trading price opaque bond markets. The buyers and sellers have no idea how badly there are getting screwed; non disclosed out of mind I guess. All great fortunes were made by men who clearly understood the value in things whilst the masses stood by and misunderstood.

So much for the free market mantra

Yeah, it would if our justice department was honest, but they work for the tptb too. That's the beauty of the corrupt system.

There are human beings everywhere, including the New York Times.

P/W?

My theory is that with the derivatives issue being reported everywhere else, NYTimes had to do a fluff piece acknowledging the issue as to retain credibility. They don't dare name names and furthermore, the sheep are so fast asleep after this stuff is reported, they can admit whatever they want and the anger will subside as soon as dancing with the stars comes on.

i would never pay that much for dog poop.

You make no sense. A gift implies no payment due. Are you planning on giving Christmas gifts this year and asking for payment one day?

Derivatives = you buy a house with a mortgage, then some low-life sleazy lifesucking vampire douchebag sells it to someone else who sells it to someone else who sells it to someone else who sells it to someone else, so that 9 more people end up owning your mortgage. Good luck with that one. And "they" say cats have nine lives. Ever seen a dead cat bounce?

www.humansfuture.com

If that Mk shit is real we should see Jessie running nekkid through the woods looking for the illusive forest gnomes and fairie kings soon.