[Infowarrior] - Goldman and "Fair" Market Manipulation

Richard Forno rforno at infowarrior.org
Tue Jul 7 02:25:07 UTC 2009


Sergio Posts Bond As Toxic Code Percolates In Cyberspace And Allows  
"Market Manipulation"
Posted by Tyler Durden at 7:36 PM

Now Bloomberg is finally on Sergio's case. Cutting to the chase,  
assistant U.S. Attorney Facciponti has some choice words:

“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,” Facciponti said. “The copy in Germany is  
still out there, and we at this time do not know who else has access  
to it.”
< - >

Not even going to attempt to elucidate in how many different ways the  
first sentence above is just...plain wrong. At least it is refreshing  
that none other than Goldman's own de facto attorney admits that the  
firm has created a piece of code that permits "market manipulation."  
When Goldman is the perpetrator, the manipulation is conveyed via  
"fair ways." And when the manipulator is someone else, the ways become  
"unfair."

< - >

http://zerohedge.blogspot.com/2009/07/sergio-posts-bond-as-toxic-code.html


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