Big Al45

Goldman Sachs Principal Transactions Update: 60% Decline

Let alone the skimming feature incorporated into Goldman's code.


On Jul 10 10:44 AM Rollerball wrote:

> MSM will denigrate "program trading", while the mere mention of "front-running"
> will be taboo. 'Nothing to see sheeple, move along!'

Is a Case of Quant Trading Sabotage About to Destroy Goldman Sachs?

Great reporting Tyler.

However, GS will cover this up somehow. I'm sure they'll find a way to hold the trial in secret and then permanently seal the court records.

Also, I wonder how they got the FBI to move so quickly. Didn't think Muller was on their payroll.

Bank Earnings: Why I Don't Trust Analyst Reports

And if your dog chews up the picture or urinates on it, - then short the bank???


On Jun 30 10:54 AM Andrew Butter wrote:

> Well I just don't trust bank's audits.
> A while back I wrote that if you want to decide if you invest in
> a bank, take a photo of the CEO, show it to your dog, if the dog
> wags his tail, then go for it.
>
> I still think that's by far the most reliable method.

AIG Fraud and Goldman's CDO Collateral Calls

Goldman's orchestration of this collapse is a scandal for the ages. But it won't become public until Blankfein and the other goniffs are long dead and some future historian finds incriminating documents filed far away some dingy alcove of the National Archives.

Goldman simply has too much clout and is effectively above the law.

Goldman Sachs' AIG Collateral Demands Behind Company's Implosion

Poole forgot to mention that Goldman controls the government and that the government does whatever Goldman wants. Geithner is basically their prison bitch.

Goldman Sachs Principal Transactions Update: 741 Million Shares

I can't wait to see what the statistics for this week's trading look like. Wouldn't be surprised to see GS accounting for 40% of the buy sell volume and 100% of this week's bogus rally.

Still, if GS is making purchases for the FED and the FED is hiding these purchases in its off balance sheet accounts, there is no limit to how long this rally will last.

Regulatory Tightening: Remember Chuck Prince!

Is Chuck Prince still rich? Of course he is. And he's still on the Board of Directors at Johnson and Johnson. Wonder what contribution he's made there - maybe he can get them to scrap their vaunted "credo" in favor of maximizing short term profits.

Goldman Sachs: Why Aren't Trading Profits Raising Any Red Flags?

There are two possible explanations>

1) GS is pulling a Madoff and lying its ass off to support its last (and future) equity raise(s). and/or

2) Using its SLP authority to control market prices and rip off "retail" investors.

More Observations on the Supplemental Liquidity Provider Program

I didn't understand a lot of it either.

Think it bottom line is that, if the trading volume is low, Goldman gets to set the market price for selected NYSE stocks. By manipulating the price of key stocks, they can drive the entire market up or down, depending what will generate the most profit for Goldman's proprietary trading desks.


On May 05 01:34 PM speeddaimon wrote:

> OK, hopefully someone can explain this to me. Keep in mind I'm a
> software engineer with an interest in stocks, so the deep inner workings
> of markets, SLPs, and DMMs continue to be a mystery to me. And before
> you say it, I did read Tyler's recent article about SLPs. Perhaps
> I need it spelled out in crayon and construction paper, but I have
> no concrete idea of what this means for Goldman and what it means
> to the market in general.

Thoughts on NYSE Program Trading

Great article. The NYSE description of market participant responsibilities is intended to obfuscate rather than inform the readers.

Its becoming apparent that the market is rigged and that GS is controlling the magnets on the roulette wheel.

BlackRock: Goldman's Q1 Profit Non-Recurring and a Result of AIG Unwinds

Well, they might be once Goldman's prop trading desk starts shorting all bank stocks again.

Unless, of course, they were smart enough to sell today.


On Apr 15 09:43 PM bones33 wrote:

> I doubt if the people who bought GS 60 days ago in the low 50's are
> concerned with their ethics.

Why Goldman Sachs Should Return Its TARP Money

Rick

Strongly agree with your comment that that finance " isn't like an elementary-school soccer game, where nobody keeps score and everybody wins just by participating."

Unfortunately, Timmy and Uncle Ben don't agree and will do everything they can - including debasing the dollar and bankrupting the country - to protect incompetent and insolvent financial institutions that are "too big to fail."

Think this could become a major showdown between Congress (which favors letting banks repay TARP money) and the FED/Treasury (which is trying desperately to maintain the fiction that "we're all in this together.")

The AIG Bailout: Why Was the Onus Placed on Taxpayers?

To respond to your final question - "Why do taxpayers have to bail them out?"

The answer is simple - to save Goldman Sach's worthless a$$. Hammerin Hank had his buddies' back. Its also the reason why Lehman had to fail.

TARP Equals Toxic Money

The idea that "TARP assisted Banks" will be viewed more adversely than "Nationalized Banks" is absurd. The two "Nationalized Banks" that the author cited are currently trading under $2 a share and its only a matter of time until C breaks the buck.

And yes, the public should regard "Independent Banks" as better investments that "TARP assisted banks." Most of the "Independent Banks" were smart enough and solvent enough to reject TARP money.

Paulson's forced TARP money on banks in an attempt to manipulate the market and protect the insolvent banks. He must think that investors are really stupid.

The Market Is Improving, Cancel the Coffin

"It reminds me of Brewsters Millions with Richard Prior, it's like they are trying to get the Dow to 5000 and just can't do it."

Don't be too sure. 2009 still has 10.5 months remaining.