This isn’t a free market; it’s a black magic trick, involving supercomputers, psychological operations and lots and lots of leverage.
CBOT Resembles Carnival Act as Billion Dollar Black Box Operators Move In
Imagine my shock.
Via: CNBC / Reuters:
The purported theft of a Goldman Sachs trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business.
Questions were raised about the security of proprietary trading systems at a court hearing on July 4 for a former Goldman computer programmer arrested on a charge of stealing the information, which was copied to a server in Germany.
If the stolen information, or trading code, is allowed to go to a competitor who can start trading with it, “the bank itself stands lose its entire investment in creating this software to begin with, which is millions upon millions of dollars,” warned U.S. prosecutor Joseph Facciponte, according to a transcript of Saturday’s proceeding.
He added that because of the way this software interfaces with the various markets and exchanges, the bank has warned it could be used to “manipulate markets in unfair ways.” The FBI in New York said on Tuesday that measures had been taken to prevent code being sent from the server in Germany.
“Working through our assistant legal attache in Frankfurt and with the authorities in Germany, the FBI has taken steps to ensure that the appropriated code was not distributed,” FBI spokesman Jim Margolin said.
Sergey Aleynikov, 39, who left Goldman on June 5 for a Chicago firm and was arrested last Friday night, gave consent to the FBI to visit his home in Little Falls, New Jersey, over the weekend and remove all of his personal computers, according to court documents.
They show that Aleynikov, a father of three and a dual national of the United States and Russia, told the FBI he was cooperating because “I did not think I was doing anything wrong” when he downloaded copies to his personal computer, laptop and to a flash drive.
He told investigators that Goldman Sachs knew he worked on the program from home and said nothing about it previously, according to the court record.
Aleynikov said he had no intention of selling the information or breaking his employment agreement. Aleynikov was arrested at Newark Liberty airport in New Jersey on a flight from Chicago on July 3. On Monday, he was released on $750,000 bail, restricted to New York and New Jersey and ordered to surrender travel documents.
Goldman Sachs has declined to comment on the case. A source familiar with the situation said on Monday that the bank had seen no impact on clients or business.
Looks like this Russian is the Goldman Sachs Patsy. Hank the Snake, and Timmy the Tax Dodger has already made the U.S. taxpayer the TARP Patsy. Keep an eye on these Goldman crooks. There is a lot more crooked deals in the pipeline.
Ron
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stolen my ass this just means these bastards can blame what ever happens on somebody els.
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According to Goldman-Sachs, they should be the only ones able to manipulate the markets in an unfair way.
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Who Controls Goldman Sachs?
Executive Officers:
Lloyd C. Blankfein(Jew) – Chairman of the Board and Chief Executive Officer
Gary D. Cohn(Jew) – President and Chief Operating Officer
John S. Weinberg(Jew) – Vice Chairman
J. Michael Evans(White European) – Vice Chairman
Michael S. Sherwood(White European) – Vice Chairman
David A. Viniar(Jew) – Executive Vice President and Chief Financial Officer
Gregory K. Palm(Jew) – Executive Vice President, General Counsel and Secretary of the Corporation
Esta E. Stecher(Jew) – Executive Vice President, General Counsel and Secretary of the Corporation
Alan M. Cohen(Jew) – Executive Vice President and Global Head of Compliance
Board of Directors:
Lloyd C. Blankfein(Jew) – Chairman and Chief Executive Officer
Gary D. Cohn(Jew) – President and Chief Operating Officer
John H. Bryan(White European) – Director
Claes Dahlbäck(Jew) – Director
Stephen Friedman(Jew) – Director
William W. George(White European) – Director
Rajat K. Gupta(Indian) – Director
James A. Johnson(Jew wife: Maxine Isaacs) – Director
Lois D. Juliber(Jew) – Director
Lakshmi N. Mittal(Indian) – Director
James J. Schiro(Jew) – Director
Ruth J. Simmons(Black) – Director
Management Committee:
Lloyd C. Blankfein(Jew)
Gary D. Cohn(Jew)
John S. Weinberg(Jew)
J. Michael Evans(White European)
Michael S. Sherwood(White European)
Kevin W. Kennedy(White European)
Richard A. Friedman(Jew)
Timothy J. O’Neill(White European)
Gregory K. Palm(Jew)
Masanori Mochida(Japanese)
David A. Viniar(Jew)
Christopher A. Cole(Jew)
Esta E. Stecher(Jew)
David B. Heller(Jew)
Marc A. Spilker(Jew)
Richard J. Gnodde(Jew)
Richard M. Ruzika(Jew)
Yoel Zaoui(Jew)
Gordon E. Dyal(White European)
David M. Solomon(Jew)
Edith W. Cooper(Mulatto)
Isabelle Ealet(White European)
Edward K. Eisler(Jew)
Gwen R. Libstag(Jew)
John F.W. Rogers(White European)
Pablo J. Salame(Arab)
Donald R. Mullen(White European)
Harvey M. Schwartz(Jew)
Alan M. Cohen(Jew)
Of the nine(9) Goldman Sachs executive officers, six(6) are Jews. This is a numerical representation of 67%. Of the twelve(12) members of the Goldman Sachs board of directors, six(6) are Jews. This is a numerical representation of 50%. Of the twenty-nine(29) members of the Goldman Sachs management committee, eighteen(18) are Jews. This is a numerical representation of 62%.
Jews are approximately 2% of the United States population. This means that Jews are over-represented among the Goldman Sachs executive officers by a factor of 33.5 times, or 3,350 percent, over-represented on the Goldman Sachs board of directors by a factor of 25 times, or 2,500 percent, and over-represented on the Goldman Sachs management committee by a factor of 31 times, or 3,100 percent.
This extreme numerical over-representation of Jews among the Goldman Sachs executive officers, board of directors, and management committee cannot be explained away as a coincidence or as the result of mere random chance. You must ask yourself how such an incredibly small and extremely unrepresentative minority ethnic group that only represents 2% of the American population could so completely dominate the world’s most powerful and influential investment bank.
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I just heard on Fox News Goldman Sachs will report it made another $2 billion+ 2nd quarter 09. I say more “BS” from the Dead broke Zombie Big Banks. The U.S. Governments desperate attempt to save America’s biggest banks will crash them and the stock markets.
Massive fraud by our government. Here is how the fraud works. Until last year banks had to value their derivatives at what they were trading for. This is known as “Mark to Market” If they did that this year, every major bank in America would be bankrupt overnight. Our Government could not allow this. So Bush and Nobama’s Treasury Goons, Hank “the snake” and,Timmy “the tax dodger” Geithner forced the Financial Accounting Standards Board (FASB) to allow big banks Cook the Books. By changing their accounting to Mark to Mark. FASB rule:
Banks that hold toxic derivatives and toxic assets can now ascribe their own price to them. and report thoes self-assessed valuations in their financial statements.
Therefore if Goldman had to report toxic assets as market to market their statement would show DEAD BROKE losing billions of dollars. All big banks have now cooked the books. Don’t get sucked in and buy their inflated stock. It will crash when thse toxic assets float to the top.
Ron
Ron
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I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. –Thomas Jefferson
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