tom007

Goldman's Success: Put Down Those Pitchforks

Well Here ya have it. Don't believe your lying eyes.


"There are simply too many former Goldman people now well-placed in federal positions for me to believe that there is nothing going on. Goldman's competitors being systematically killed off by former Goldman people now in upper levels of government. Some have suggested that Goldman's high frequency trading(HFT) platform, which was stolen and then recovered recently, enabled users(GS) to front-run stocks illegally. The speed of the recovery of the stolen HFT code was breath-taking. I mean, the FBI treated that thing as if it was the presidential briefcase with the nuclear launch codes that had been stolen. I doubt the government would have pursued a presidential assassin any more aggressively. The same bureaucracy that spent over 10 years ignoring slam-dunk evidence of multi-billion dollar fraud in the Madoff case, suddenly moves at light speed to return Goldman's sacred HFT code to them. Isn't it amazing how priorities tend to enhance performance? Not that I would dare suggest, as others have, that there "

The Right Kind of Bailout

Good, instructive coherent thoughts on a most incoherent topic.