GS already had 13 billion from their hedges on AIG, the 13 billion the taxpayers gave them was pure windfall. They're "great" the way Al Capone was "great".
A great job destroying the US and showing to the world all the very worst aspects of capitalism(gone wrong) in order to throw us bankers first into full on socialism as a result of the inevitable reaction.
Angry yes, jealous no. I like to help people when I can not destroy their lives on mass.
I agree. They suck. Their level of greed is insane.
Read this article about how GS is America's cancer: http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine/
Also try this link, some people are really fed up with banking! http://www.bankerexuberance.com
Never Bet against GS. House advantage ... Up to 180 need more suckers.
Quant shops use ultra-fast computers to predict trading patterns inside financial data. A "quant," also known as a "geek," now refers to programmers who code quantitative-analysis algorithms for insider computer trading.
Is quant trading illegal? Ordinarily, no, but the way Goldman Sachs coded the program seems suspicious. And, by the way, it is reported that GS represents 60% of program trading.
In order to trade from your desktop, your computer program sends your offer to buy or sell to the exchange. The computer program that is behind the scenes of your desktop-trading platform uses what is known as a "FIX" protocol. FIX is now generally considered the industry standard.
Seems what the GS program can do is intercept the FIX messages being sent to the exchange from the large institutions, interpret what was is being bought or sold, and then put their trade in ahead of those trades for the same buys or sells. Then the trades coming in afterward may or may not get filled, depending upon how large GS's trades were.
How would this work in the marketplace? Say an institution wanted to sell 10,000 shares of IBM. GS would intercept the message, and sell 10,000 ahead of the institution. Say only 12,000 shares were available to sell. GS would sell its 10,000 and the institution could only sell 2,000.
What is being investigated is whether GS illegally used security-access codes to acquire the messages prior to "transaction_commit" timepoints at the NYSE. This may have only resulted in a nanosecond trading advantage but, with ultra-high-speed computers, a nanosecond is a lifetime.
How was GS found out? Because quant trading recently hit an all-time high of 48.6% of all NYSE trading. And since GS represents 60% of all program trades ... hmmm, well, you do the math. The NYSE keeps close tabs on program trading and was startled that nearly half of all trades suddenly came from program trading.
Wasn't it Goldman Sachs that received $12 billion in bailout money to help it overcome complete disaster? One might opine that GS makes money the old-fashioned way ... by stealing it.
Who leaked the story? Matt Goldstein at Reuters.
Scandal or just another day on Wall Street.Why anyone would want to buy stocks?
"Front-running" to shape perceptions monitored by the competent SEC ....America races to the bottom...
without a dowt, It is simple, those krackers would know what cards you is got and then they could just take price the direction that would steal the money. y'all is stupit for play'n ponzi with real money. and it is all suppoeted by the good ole USA gubmint. Capitalism my black ash
making money with "No Risk" is not making money. it is a hand out or in this case theft. They know how to blow up and get bailled out with my money. Thats a fact. I is thirsty, time for a Bubba Cola. later