Tuesday, July 7, 2009

Oi!! Give us back our Market Manipulator!

Goldman Trading-Code Investment Put at Risk by Theft

Goldman Sachs Group Inc. may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said. “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” U.S. Attorney Joseph Facciponti said.

Posted by devo @ 06:49 AM (689 views)
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4 thoughts on “Oi!! Give us back our Market Manipulator!

  • “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,”

    Fortunately, there is currently no risk of market manipulation because this dangerous code is owned by … ergh … Goldman Sachs. You couldn’t make this stuff up.

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  • Quite – are we to believe that GS are uber responsible, and the only ones to be trusted with market manipulating software?

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  • As with all bookmakers, its ok for them to set and then manipulate the odds, but let a humble mug puter try to do so and the full wrath of the judiciary is unleashed.

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  • oops……’mug punter’

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