Posted on 08/26/2009 4:55:11 AM PDT by fiscon1
http://www.modernhistoryproject.org/mhp/EntityDisplay.php?Entity=IntCouJewPar&Start=2000
the high frequency trading IS stealing. It denies the buyer from buying a stock at a cheaper price and denies the seller from selling it at a higher price.
Who ever decided this was legal/ethical....Vegas?
well the derivative thing should be illegal because its like offbook accounting. Didn’t Enron get in trouble because of it?
AIG did. Using monies from their insurance division to gamble with in Europe.
“Their Russian software programmer is in jail for allegedly stealing GS software that he worked on.
The U.S. Attorney said his possession (or his agents is Russia) was a threat because “the software could be used to manipulate the markets.””
They are front running the market. No one will stop them.
20 Billions in profit. 5 Billions in “bonuses”.
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