Home › Forums › Financial Markets/Economics › Goldman’s secret sauce could be loose online; markets beware
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July 8, 2009 at 10:13 AM #427653July 8, 2009 at 10:18 AM #426915ArrayaParticipant
The story is not the patsy who stole it.
The story is the code and who received it.
All I can think is Enron times 1000
July 8, 2009 at 10:18 AM #427142ArrayaParticipantThe story is not the patsy who stole it.
The story is the code and who received it.
All I can think is Enron times 1000
July 8, 2009 at 10:18 AM #427429ArrayaParticipantThe story is not the patsy who stole it.
The story is the code and who received it.
All I can think is Enron times 1000
July 8, 2009 at 10:18 AM #427501ArrayaParticipantThe story is not the patsy who stole it.
The story is the code and who received it.
All I can think is Enron times 1000
July 8, 2009 at 10:18 AM #427663ArrayaParticipantThe story is not the patsy who stole it.
The story is the code and who received it.
All I can think is Enron times 1000
July 8, 2009 at 10:35 AM #426935ArrayaParticipantGary Gensler, Chairman
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St., N.W.
Washington, D.C. 20581Mary L. Schapiro, Chairman
U.S. Securities and Exchange Commission
100 F St. N.E.
Washington, D.C. 20549Dear Chairman Gensler / Dear Chairman Schapiro:
I’m enclosing a copy of a report distributed July 6 by Bloomberg News Service about the U.S. government’s prosecution of a former employee of Goldman Sachs Group Inc. involving the purported theft of a Goldman Sachs computer trading program. The report quotes Assistant U.S. Attorney Joseph Faccipointi as saying in U.S. District Court in New York City: “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.”
If the report quotes the assistant U.S. attorney correctly, and if he was characterizing Goldman Sachs’ position correctly, then Goldman Sachs claims to have possession of a computer trading program that can manipulate markets. The assistant U.S. attorney’s comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair.
The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades. On behalf of the Gold Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman Sachs’ trading program urgently and report its findings publicly.
Thanks for your consideration.
With good wishes.
CHRIS POWELL
Secretary/TreasurerJuly 8, 2009 at 10:35 AM #427162ArrayaParticipantGary Gensler, Chairman
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St., N.W.
Washington, D.C. 20581Mary L. Schapiro, Chairman
U.S. Securities and Exchange Commission
100 F St. N.E.
Washington, D.C. 20549Dear Chairman Gensler / Dear Chairman Schapiro:
I’m enclosing a copy of a report distributed July 6 by Bloomberg News Service about the U.S. government’s prosecution of a former employee of Goldman Sachs Group Inc. involving the purported theft of a Goldman Sachs computer trading program. The report quotes Assistant U.S. Attorney Joseph Faccipointi as saying in U.S. District Court in New York City: “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.”
If the report quotes the assistant U.S. attorney correctly, and if he was characterizing Goldman Sachs’ position correctly, then Goldman Sachs claims to have possession of a computer trading program that can manipulate markets. The assistant U.S. attorney’s comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair.
The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades. On behalf of the Gold Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman Sachs’ trading program urgently and report its findings publicly.
Thanks for your consideration.
With good wishes.
CHRIS POWELL
Secretary/TreasurerJuly 8, 2009 at 10:35 AM #427449ArrayaParticipantGary Gensler, Chairman
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St., N.W.
Washington, D.C. 20581Mary L. Schapiro, Chairman
U.S. Securities and Exchange Commission
100 F St. N.E.
Washington, D.C. 20549Dear Chairman Gensler / Dear Chairman Schapiro:
I’m enclosing a copy of a report distributed July 6 by Bloomberg News Service about the U.S. government’s prosecution of a former employee of Goldman Sachs Group Inc. involving the purported theft of a Goldman Sachs computer trading program. The report quotes Assistant U.S. Attorney Joseph Faccipointi as saying in U.S. District Court in New York City: “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.”
If the report quotes the assistant U.S. attorney correctly, and if he was characterizing Goldman Sachs’ position correctly, then Goldman Sachs claims to have possession of a computer trading program that can manipulate markets. The assistant U.S. attorney’s comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair.
The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades. On behalf of the Gold Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman Sachs’ trading program urgently and report its findings publicly.
Thanks for your consideration.
With good wishes.
CHRIS POWELL
Secretary/TreasurerJuly 8, 2009 at 10:35 AM #427521ArrayaParticipantGary Gensler, Chairman
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St., N.W.
Washington, D.C. 20581Mary L. Schapiro, Chairman
U.S. Securities and Exchange Commission
100 F St. N.E.
Washington, D.C. 20549Dear Chairman Gensler / Dear Chairman Schapiro:
I’m enclosing a copy of a report distributed July 6 by Bloomberg News Service about the U.S. government’s prosecution of a former employee of Goldman Sachs Group Inc. involving the purported theft of a Goldman Sachs computer trading program. The report quotes Assistant U.S. Attorney Joseph Faccipointi as saying in U.S. District Court in New York City: “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.”
If the report quotes the assistant U.S. attorney correctly, and if he was characterizing Goldman Sachs’ position correctly, then Goldman Sachs claims to have possession of a computer trading program that can manipulate markets. The assistant U.S. attorney’s comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair.
The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades. On behalf of the Gold Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman Sachs’ trading program urgently and report its findings publicly.
Thanks for your consideration.
With good wishes.
CHRIS POWELL
Secretary/TreasurerJuly 8, 2009 at 10:35 AM #427683ArrayaParticipantGary Gensler, Chairman
U.S. Commodity Futures Trading Commission
3 Lafayette Centre
1155 21st St., N.W.
Washington, D.C. 20581Mary L. Schapiro, Chairman
U.S. Securities and Exchange Commission
100 F St. N.E.
Washington, D.C. 20549Dear Chairman Gensler / Dear Chairman Schapiro:
I’m enclosing a copy of a report distributed July 6 by Bloomberg News Service about the U.S. government’s prosecution of a former employee of Goldman Sachs Group Inc. involving the purported theft of a Goldman Sachs computer trading program. The report quotes Assistant U.S. Attorney Joseph Faccipointi as saying in U.S. District Court in New York City: “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.”
If the report quotes the assistant U.S. attorney correctly, and if he was characterizing Goldman Sachs’ position correctly, then Goldman Sachs claims to have possession of a computer trading program that can manipulate markets. The assistant U.S. attorney’s comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair.
The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades. On behalf of the Gold Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman Sachs’ trading program urgently and report its findings publicly.
Thanks for your consideration.
With good wishes.
CHRIS POWELL
Secretary/TreasurerJuly 9, 2009 at 5:47 AM #427331Nor-LA-SD-guyParticipantI think these kind of things have only limited success, the real power is being able to move the markets via the media (take the GS Oil to 200 call).
Or the Bail out of AIG which was just a give free money to GS scheme.
Someone should really do some DD on the GS and U.S. treasury ties.
July 9, 2009 at 5:47 AM #427557Nor-LA-SD-guyParticipantI think these kind of things have only limited success, the real power is being able to move the markets via the media (take the GS Oil to 200 call).
Or the Bail out of AIG which was just a give free money to GS scheme.
Someone should really do some DD on the GS and U.S. treasury ties.
July 9, 2009 at 5:47 AM #427845Nor-LA-SD-guyParticipantI think these kind of things have only limited success, the real power is being able to move the markets via the media (take the GS Oil to 200 call).
Or the Bail out of AIG which was just a give free money to GS scheme.
Someone should really do some DD on the GS and U.S. treasury ties.
July 9, 2009 at 5:47 AM #427917Nor-LA-SD-guyParticipantI think these kind of things have only limited success, the real power is being able to move the markets via the media (take the GS Oil to 200 call).
Or the Bail out of AIG which was just a give free money to GS scheme.
Someone should really do some DD on the GS and U.S. treasury ties.
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