[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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