Interesting that the Times ignores that Goldman Sachs was the Big O's, and Democrats', biggest private contributor in 2008. Or that GS may have manipulated the sub-prime bubble that caused the recession. Or that they are a driving force behind cap-and-tax. There's a good article at
American Thinker that outines it.
1 posted on
07/24/2009 8:31:50 AM PDT by
NMRed
To: NMRed
This article could explain a lot. Huge profits at GS, weird movements in the market and unexplained patterns of trading. If true, it amounts to the same advantage as insider trading - knowledge available to a charmed few that is denied to the average trader. I was surprised that you can get advanced information for a fee.
To: NMRed
5 posted on
07/24/2009 9:15:02 AM PDT by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: NMRed
Actually, that’s not what “high frequency trading” is, and Wall Street has been “peeking at customer orders” from the beginning. Going electronic just meant that, once they staffed up with Indian and Asian programmers, it was easier to do and harder to hide.
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