EnderWiggnz: That *is* what they're doing. All trades to all markets go through GS's systems first. Where they are analyzed and trades are executed based on this info.

Why are you defending this? They're clearly gaming the system, in a high-tech, but classic illegal scheme. Are you being paid by them?

It's not innovation, its fraud.

other than having a boatload of money to be able to afford the hardware and algorithm research, what resources or information do they have that nobody else has?

if they were purposely moving other trade orders to the back of the queue so that theirs go first, i would agree with you. but from what i've read about it, they're simply acting faster than other people.

Goldman Sachs is one of the Top contributors to Obama's Campaign.

Top Contributors to Obama (new window)

So it makes sense that Obama would give them billions in bailout money and allow them to give their executives huge bonuses.

Wait, didn't Obama always claim he was running a Clean Campaign, meaning no donations from PACS, Lobbyists, etc?????

ABC News reports:

It's been less than two days since he crossed the delegate threshold to become the Democratic presidential nominee and Sen. Barack Obama's mark on the party is already being felt.


On Good Morning America Thursday, ABC News' Chief Washington Correspondent George Stephanopoulos reported "the Democratic National Committee will no longer accept contributions from federal lobbyists, will no longer take contributions from PACs" in keeping with Obama's well-publicized policy.

Source (new window)

The hypocrisy of the Democrats and this President astounds me.

Wodheila: Jun. 18, 2009 - 7:07 AM EST

Politicians and the government are like rodents on crack when they smell money.


Read more: http://www.politico.com/news/stories/0609/23872.html#ixzz0LGHFTf8d&C


I liked that quote and how true.

grimatongueworm: "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,"

Which Begs the question:
So, Mr. Goldman Sachs, how were you using this program?

grimatongueworm: Surely plenty of people followed the story last week of Sergey Aleynikov, a Russian computer whiz who, well, defected from the employ of Goldman Sachs, apparently taking with him the bank's proprietary trading code. There is a lot of backstory here that is key: if you've followed Zero Hedge's speculations dating back months about Goldman somehow manipulating program trading at the NYSE, this is connected to that, as the theory here is that Aleynikov stole the computer program that Goldman may have been using to manipulate the NYSE.

Such speculations until recently may have sounded like conspiracy theories, but then last week Assistant U.S. Attorney Joseph Facciponti stood up in court and let loose a whopper. "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," he said.


/US Attorney..in open court

Yeah, I did read about that. Seems like GS is all fine and dandy with their nifty algorithm as long as they are the only ones that have it.

In the hands of another, it could be destructive (to Goldman Sachs profitability).

Morton_toes: Yeah, I did read about that. Seems like GS is all fine and dandy with their nifty algorithm as long as they are the only ones that have it.

In the hands of another, it could be destructive (to Goldman Sachs profitability).

It's kinda scary how they don't even hide their evilness anymore.

Arkanaut: Excuse me, subby, but if their line to the Treasury has to go through AIG, doesn't that make it indirect?

*patpat*

Outside of unfair trading practices that may or may not be in progress with their software.

"after repaying the government's bailout money along with $426 million in dividends to taxpayers"

So they've paid back the 10billion. As a tax payer, I'm good with what they're doing.

Morton_toes: Quiet, citizen!

/CONSUME AND SLEEP!

Yes massa.

*munch munch munch*

I'm glad Goldman showed record profits.....this means they will sooner be able to return the bail out money..........and then tell Obama and his fark disciples to go fark themselves....


hell I tell you idiots now..

GO FARK YOURSELVES.....


/most of you idiots didn't pay a DIME of bailout money anyway
//so none of this is really any of your business
///so butt the fark out and mind your own business

This is change we can beleive in. Good thing B-Rock is in there to stick up for the little guy take care of his wall street cronies.

So they'll be paying back their bailout, right?

edg_mule: Unless someone comes along and invents a mousetrap that is not only better but changes the situation somehow, take the faster equipment out of the equation as the sole determining factor for instance, then GS will maintain dominance in perpitude.

Somebody should do something to level the playing field! An "Equalization of Opportunity Bill" or something! And an "Anti-Dog-Eat-Dog Rule" for those second and third tier business getting torn apart by those who have more capital to invest their companies or a technological edge.

Playerslight: It's like we're married.

You will find I am like that, you toad licker.

Morton_toes: You're proud of your second mortgage?

Of course! I bit off more than I could chew 7 months ago, near the bottom, right before credit dried up and NO ONE would write a second.

Now, I will swallow that BIG bite and enjoy the enhanced equity returns my clever use of leverage will give me.

Then, as my equity in my house becomes ENORMOUS, I will borrow against it to buy Euros, hookers, and your Mom's house at foreclosure. I'll let you rent the house back from me at reasonable rates.

Wanna compare penises? My preferred unit is 'corvettes'. How many 'corvettes' is yours?

CrankMyBlueSax: So they'll be paying back their bailout, right?

They already did, numbnuts.

They didn't want it the first place.

Playerslight: Morton_toes: Yeah, I did read about that. Seems like GS is all fine and dandy with their nifty algorithm as long as they are the only ones that have it.

In the hands of another, it could be destructive (to Goldman Sachs profitability).

It's kinda scary how they don't even hide their evilness anymore.

Because when we all just look on and go: "Dayum! Did you see them assholes running off with those baskets of cash?", Folks like griffer are just looking back over their shoulders yelling "Suckers" and stashing 1000's of dollars in the pockets of their willing accomplices (read: politicians).

/What comes around goes around.
//more $$$$$ = more problems as far as I'm concerned.
///Karma is a beyotch.

MadAmos: So they've paid back the 10billion. As a tax payer, I'm good with what they're doing.

I find it amusing that you think it's all they've received from taxpayers. The AIG bailout is north of $180 billion now, and at least $6 billion, if not more, went directly to GS.

griffer: Wanna compare penises? My preferred unit is 'corvettes'. How many 'corvettes' is yours?

pro tip: when feigning wealth, it's best to hide your appreciation of corvettes

griffer: Wanna compare penises? My preferred unit is 'corvettes'. How many 'corvettes' is yours?

Corvettes? pshhh. Puh-leeeeese.

Maybachs.

griffer: You will find I am like that, you toad licker.

Hey, I have you know I haven't ingested any part of an amphibian since the late '80s. Detox was a biatch and all the good frogs went extinct.

For the last 20 year's I've been completely clean. Except the shrooms. But they don't really count.

crimsin23: There was an article in Rolling Stone about GS and why the are so successful. Did anyone else read it? I'll try to find a link to it.

I found the article. Everyone should read this (new window)

FTA: Senator Sherrod Brown, an Ohio Democrat, said Goldman Sachs should "show some restraint"...

I don't know if I should laugh, cry, or kick a puppy.

thomps: griffer: Wanna compare penises? My preferred unit is 'corvettes'. How many 'corvettes' is yours?

pro tip: when feigning wealth, it's best to hide your appreciation of corvettes

Pro tip: When reading satire, noticing that the author chose a cliche of small-minded and small-penised middle american men might help clue you into the author's joke.

/pro-tip? FOR ME??!?
//biatch please, aston martin or bugatti wouldn't have been FUNNY

Fark America's banking system.

I opened a very successful small business (thank you) this summer. Just for fun, I hired Bank of America to put in my credit card machine. Day before our grand opening, they deliver the wrong machine.

Then, on Monday, I see that they have EMPTIED the $200 in the business account I opened with them.

Delivered the wrong machine, stole all my money. Invest heavily in the stock market, kids. These are good people and you can count on them. The greatest generation is into greed. Greed is good.

Morton_toes: griffer: Wanna compare penises? My preferred unit is 'corvettes'. How many 'corvettes' is yours?

Corvettes? pshhh. Puh-leeeeese.

Maybachs.

Corvettes? Maybachs?

Are you serious? Might as well just claim you are packing almost half a Howard Stern.

Chevettes and Metros are the units that big units use to measure their units.

Is nobody else aware of or at least remembers that Goldman Sachs coincidentally backed and helped fund major candidates in both republican and Democrat parties this last election?

Are you also not aware that aside from this, Goldman Sachs has been one of the big pseudo-owners/rulers of America for some time now through it's political pull and financial manipulations directly affecting our government?


when will Americans fight back?

Walkenstein: when will Americans fight back?

0/10

griffer: Pro tip: When reading satire, noticing that the author chose a cliche of small-minded and small-penised middle american men might help clue you into the author's joke.

Pro-tip: Small-minded and small-penised middle-aged men aren't going to catch the joke when they're distracted by looking up your dress. You should contemplate wearing panties.

griffer: Pro tip: When reading satire, noticing that the author chose a cliche of small-minded and small-penised middle american men might help clue you into the author's joke.

/pro-tip? FOR ME??!?
//biatch please, aston martin or bugatti wouldn't have been FUNNY


if you're going to commit to a bit you need to see it through. laziness invites scorn.

/increments of penis measurement is serious business, pal

Meh. Record profits are no big deal.

Stocks are priced according to a company's profit growth rate (to a first approximation). So profits have to keep growing, at a steady rate, to even keep the stock price constant. The growth rate has to keep increasing, as long as they want the stock price to increase (and since all of the management is heavily compensated in stock, they do).

Therefore, any company that does not continually post "record profits" will see their stock price sink. So most publically-traded companies try to hit new records, by hook or by crook, every quarter.

That's Wall Street - they're always pulling themselves up by my bootstraps.

Goldman Sachs is merely a conduit for the Fed and more importantly the Rothschild Bank of International Settlements. The revolving door of GS people in recent years has been suppressed by the corporate mind control apparatus to the point the masses have no clue what is being done to us. Even if someone brings it up and exposes the rampant collusion and corruption they will be labeled "conspiracy theorists" or ignored. What GS is doing here is very similar to what the IMF and World Bank do around the world because they are all cut from the same cloth, play by the same rules and follow the same game plan/script.

thomps: laziness invites scorn

I'm not your pal, friend.

Playerslight: You should contemplate wearing panties.

I am a dude. Panties are for girls. What are you, a lumberjack?

thomps: laziness invites scorn.

Pro Tip: Personal attacks don't hide the fact that you didn't get the joke and your a idiot.

i've sent a copy of this thread to goldman sachs and their computer just bought 10 million shares in reynolds wrap aluminum foil.

YouWinAgainGravity: i've sent a copy of this thread to goldman sachs and their computer just bought 10 million shares in reynolds wrap aluminum foil.

Nice.

griffer: I am a dude. Panties are for girls.

Oh, sorry. It's kinda hard to tell from down here.

What are you, a lumberjack?

Yes, actually. And due to the danger of getting caught by falling trees, I refuse to wear either underwear or pants. I also carry a bucket of lard with me, just in case.

turdmist: Goldman Sachs is merely a conduit for the Fed and more importantly the Rothschild Bank of International Settlements. The revolving door of GS people in recent years has been suppressed by the corporate mind control apparatus to the point the masses have no clue what is being done to us. Even if someone brings it up and exposes the rampant collusion and corruption they will be labeled "conspiracy theorists" or ignored. What GS is doing here is very similar to what the IMF and World Bank do around the world because they are all cut from the same cloth, play by the same rules and follow the same game plan/script.

LYNDON LAROUCHE IS RIGHT!

Just STFU all of you and file your 1040.

If this ride goes off the rails again, we're gonna need a lot of ready capital to get things back on track again and all of your biatching and whining isn't helping.

How, as a country, will we be able to maintain our well deserved reputaion as a global resource suck if our bankers are not bloated and pampered sophisticates that embody the very philosophy of overconsumption!

/Think people, THINK!

griffer: Pro Tip: Personal attacks don't hide the fact that you didn't get the joke and your a idiot.

eh, the internet's a big anonymous place, i can't be expected to be able to sort all of the douchebags from the people that are just pretending to be douchebags.

griffer: LYNDON LAROUCHE IS RIGHT!

Lyndon can take his farking 'physical economy' and shove it up his gaping arse.

Playerslight: It's kinda hard to tell from down here.

If you can't see my corvette a mere fifty stories up, you might think about tapping medicaid for some glasses.

And I will thank you to call it a KILT, or I'll hafta come down there and clock you one.

griffer: thomps: laziness invites scorn.

Pro Tip: Personal attacks don't hide the fact that you didn't get the joke and your a idiot.


No, your and idiot, moran.

thomps: eh, the internet's a big anonymous place, i can't be expected to be able to sort all of the douchebags from the people that are just pretending to be douchebags.

Jeezus. Way to bend over me and offer me your 'sister' like a desperate prison biatch.

That wasn't any fun at all.

I guess we have to man hug now, and I will awkwardly avoid noticing your little .02 corvette woody.

griffer: If you can't see my corvette a mere fifty stories up, you might think about tapping medicaid for some glasses.

Oh, you're calling *that* a corvette? Well, then I assume you can see my Peterbilt from up there.

eqtworld: Weaver95: I'm not saying they were not or that such a thing would surprise me, I'm just not sure what specific trading method they used that was cheating

read.

I know someone stole part of their automated trading program.

But that's like saying if I steal the code from a program you are writing, it means you were cheating because you were writing a program.

Are you saying it should be against the law to use a trading program?

The issue arises because the story goes that the software sniffs trade packets at the NYSE and then trades on that knowledge since Goldman's servers are fast and closer to the NYSE they essentially act as a middle man in all trades. However it's only when the software that sets them up to be middlemen gets stolen that it comes out that someone else could get it, and be middlemen or more concerningly come pretty close to cornering the NYSE.

Morton_toes: griffer: thomps: laziness invites scorn.

Pro Tip: Personal attacks don't hide the fact that you didn't get the joke and your a idiot.


No, your and idiot, moran.

The only people who biatch about the rich are pour loosers.

Shut up, you pour looser!

Playerslight: griffer: If you can't see my corvette a mere fifty stories up, you might think about tapping medicaid for some glasses.

Oh, you're calling *that* a corvette? Well, then I assume you can see my Peterbilt from up there.

Oh, sniff my packet, plebeian!

griffer: Oh, sniff my packet, plebeian!

Ewww. You know, they make a cream that can clear up that dead dog and rotting milk smell in like a week, tops.

Playerslight: griffer: Oh, sniff my packet, plebeian!

Ewww. You know, they make a cream that can clear up that dead dog and rotting milk smell in like a week, tops.

That's not my packet, that's my Haggis, ya twit.

Wait.

This got weird.

edg_mule: If GS does this they will always make the most profits and therefore always invest in better equipment than others. Unless someone comes along and invents a mousetrap

If I were in charge of GS there would be patents on the idea of program trading. Then it wouldn't matter if someone tried to hone in on my Mechanized Market Masturbation I can just sue their ass into line. Then again that whole area is incestuous as hell so who knows.