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Tuesday, October 27, 2009
5:14 AM TweetThis
  • In a letter to the SEC (.pdf), Goldman Sachs (GS) dispels five common myths about so-called 'dark pool' anonymous trading exchanges. The rest of the 56-page document - which summarizes a Sept. 24 SEC/Goldman meeting - sheds light on short selling, high-frequency trading, flash trading and naked access.

This news story has 6 comments:

  •  
    I'd like to order a gain of salt, please. Of course the devil says that the 'dark pool' is a good thing. Because the 'dark pool' is where the devil gets his magic.
    Oct 27 05:47 AM | Link | Reply
  •  
    I made it through the first 3 pages of bulleted "facts" and had to close it due to my room filling with the pungent stench of BS.

    The utter arrogance GS exhibits on a daily basis is mind boggling. I only hope they continue writing and talking their "justifying points", as it only serves to provide evidence to their blatant manipulations of markets and law.

    In a related story, Charles Manson has compiled a 56 page document on why cult style killing is good for population control.
    Oct 27 07:17 AM | Link | Reply
  •  
    Goldman Sachs is still "guilty"--but not as (originally) charged.
    Oct 27 09:04 AM | Link | Reply
  •  
    Tarzan like efficiency and liquidity. Tarzan no like misrepresentation, manipulation, government corruption.
    Oct 27 09:47 AM | Link | Reply
  •  
    The GS definition of "dark pool" is too narrow and and liquidity focused.

    Instead, the term should refer to all undisclosed, non-transparant securities trading.

    Private equity, are you paying attention?
    Oct 27 11:00 AM | Link | Reply
  •  
    I searched news archives to see how many business news stories existed re 'naked access' before Mary Schapiro decided to promote the term.I didn't find any.Is this 'woman' for real ? She has already lied about 'naked short selling' for Senators Chuck Grassley,Carl Levin,Jon Tester and Arlen 'Magic Bullet' Specter even though their 'naked shorting' theory is about as full of holes as Specter's
    bullet' theory was at the time of John F.Kennedy's assassination and as it is now.
    I have asked the U.S. SEC 'investor education' department what proof they and ex SEC Chairman Christopher Cox(and present SEC Chair and Mary Schapiro and H.David Kotz for that matter as they continue warning us of 'naked shorting' as well) had for placing the following lie,(as far as I can tell because no proof is provided and the term was first popularized by James Dale Davidson founder of the National Taxpayers Union in 1969 and NAANSS or National Association Against Naked Short Selling in 2002 to distract from penny stock pumps and dumps of Genemax,Endovasc,etc.) on the sec.gov website in 2008 claiming Goldman Sachs,(ha),Fannie Mae and Freddie Mac were victims of so-called 'naked short selling'.That was last week.So far no response from SEC 'INVESTOR EDUCATION',(ha).But I did add that in light of
    Fannie Mae and Freddie Mac like the ponzi scheme Novastar Financial that Patrick Byrne of Overstock.con and his NCANS or National Coalition Against Naked Shorting' promoted as a victim of 'naked shorting',no shareholder(s) ever came forward to claim they did not receive their dividends because in my opinion their was no 'naked short selling' to any significant extent and it was all a lie
    protected and even promoted on the sec.gov website itself !
    If the SEC and Mary Schapiro can't prove Chris Cox was telling the truth,(and I seriously doubt she can),then the SEC shouild be investigated by an independent body and many SEC attorneys should resign.The Fannie Mae and Freddie Mac pumps and dumps were trillion plus frauds and I believe the money of honest American investors in the U.S.housing market are now in anonymous offshore accounts.LOM of Bermuda that the SEC of Christopher Cox failed to investigate and prosecute for penny stock manipulation with Charles Schwab and vFinance as well as Leumi Bank of Israel are just to offshore banks I know were holding Fannie Mae and Freddie Mac shares and even Iceland banks may have been doing so.In fact the dividend payments should allow the SEC and DTCC to tell us precisely what offshore entities and accounts whether they be in Switzerland or Timbuktu that held and sold or dumped shares of Fannie Mae and Freddie Mac in 2008 which is what Senators Carl Levin,Arlen Specter,Jon Tester and Chuck Grassley pretend to be so concerned about.
    I'm afraid Mary Schapiro's insider ties to FINRA and its ties in turn to the NASDAQ now owned by the international money laundering state of Dubai or its Sheik Mohamed Al Rashid makes her unfit to be SEC Chairman although she herself acknowledged 'dark pool' trading(and now what her dirty mind calls 'naked access' cause it sounds so much like her and the ex SEC Chair Cox,et.al.' 'naked shorting' lie) at Sheik Mohamed,et.al.'s NASDAQ that she knows could easily be one scheme that could be erroneously blamed on 'naked short selling' .So she should shut up about 'naked short selling' if she can provide no proof because otherwise she only proves at best she doesn't know what she's talking about.
    I would further state it is outrageous that the U.S. government allowed the NASDAQ to be sold to the Sheik of a country ,Dubai, that failed to stop the transfer of at least $175,000 to Mohamed Atta in Venice,Florida just before 9/11 and the only reason my fellow Americans have not voiced their dissent is because our 'news' orgnizations failed to inform the public because the knew after overwhelming rejection of Dubai Ports by the American public that they unlike Mary Schapiro,et.al, certainly did not want the Sheik of Dubai owning and profiting from every buy and sell order on the formerly U.S. NASDAQ !
    Nov 11 01:24 PM | Link | Reply
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