Posted on 08/27/2009 11:38:21 PM PDT by Sugarpuddin88
Goldman Sachs insiders steal 200 million a day
Goldman Sachs has bribed politicians to allow the use of their “insider software”; which allows them to know in advance which direction stocks are going!
Trust me – It’s hilarious!
And the rich wives of Goldman Sachs executives this weekend were screaming that the peasants needed to get out of their way at the Hamptons!
The video is done in fun spirits – And the info is unbelievable!
http://www.youtube.com/watch?v=BwETpwuSmvc
Goldman Sachs has bribed politicians to allow the use of their “insider software”; which allows them to know in advance which direction stocks are going!
Trust me – It’s hilarious!
And the rich wives of Goldman Sachs executives this weekend were screaming that the peasants needed to get out of their way at the Hamptons!
The video is done in fun spirits – And the info is unbelievable!
http://www.youtube.com/watch?v=BwETpwuSmvc
Congratulations on your third post at FR, two of them threads.
Why am I surprised by none of this?
parsy, the droll
How many billions of $$ did Warren Buffet invest in Goldman Sachs last October prior to the election?
Exactly, after all where did all the current money men in government come from? Why was Lehman allowed to fail and Goldman survive?
Can you describe “front running”? I am not familiar with that term.
Cheating by using insider info about what is happening with a stock. From wiki:
Front running is the illegal practice of a stock broker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers. When orders previously submitted by its customers will predictably affect the price of the security, purchasing first for its own account gives the broker an unfair advantage, since it can expect to close out its position at a profit based on the new price level. Front running may involve either buying (where the broker buys for their account, before filling customer buy orders that drive up the price) or selling (where the broker sells for its own account, before filling customer sell orders that drive down the price).
Allegations of front running occasionally arise in stock and commodity exchanges, in scandals concerning floor brokers and exchange specialists.
For example, suppose a broker receives an order from a customer to buy a large block of 400,000 shares of some stock, but before placing the order for the customer the broker buys 20,000 shares of the same stock for his own account at $100 per share, then afterward places the customer’s order for 400,000 shares, driving the price up to $102 per share and allowing the broker to immediately sell his shares for, say, $101.75, generating a significant profit of $35,000 in just a short time. This $35,000 is likely to be just a part of the additional cost to the customer’s purchase caused by the broker’s self-dealing.
parsy, who goes to wiki a lot
Because GS had a lot of friends in the highest levels of government.
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