Ex-Goldman director charged with insider trading

[jackace]

http://finance.yahoo.com/news/ExGol...7.html?x=0&sec=topStories&pos=2&asset=&ccode=

Reading this story I just can't help but think this is more often then not just the way things are done on Wall St.

I'm just not surprised to read that hedge funds and other large investment firms are getting information before it hits the news and the rest of us get the information. I'm also not surprised they are using that information to get rich.

 

[jackace]

Looks like the Yahoo tech ticker guys picked up on this story too. In the video they mention that CNBC asked Warren Buffet about this story and he said he would not doubt this goes on with some regularity.

http://finance.yahoo.com/tech-ticke...aGVyc2lnbnQ-?tickers=pg,gs,xlf,skf,^dji,^gspc

 

[GTKeeper]

Its interesting that Goldman has only had 24 losing trading days over the last 2 years..... Either they are God and can predict the future, OR, they have information others don't.... I'm betting on the latter.

 

[Phokus]

Its interesting that Goldman has only had 24 losing trading days over the last 2 years..... Either they are God and can predict the future, OR, they have information others don't.... I'm betting on the latter.

They also have servers that have superior algorithms situated at the NYSE and Nasdaq. But yeah, inside information on wall street is very common.

 

[Zebo]

No way. I don't believe it.


(That someone was charged)

 

[jackace]

No way. I don't believe it.


(That someone was charged)

LoL, what I thought when I first made the post. We all know it goes on, but to actually see people being prosecuted is the shocker. If the stuff evidence in that article is correct that guy is just a complete idiot and made no effort to cover up his illegal activity.

 

[Nemesis 1]

They toss us a carrot and ya act like Ya I new that Or zebos post surprized that they nailed a throw away. Come on people . Walk like an Egytian .

 

[trenchfoot]

Its interesting that Goldman has only had 24 losing trading days over the last 2 years..... Either they are God and can predict the future, OR, they have information others don't.... I'm betting on the latter.

At that stratospheric level, they are as untouchable as Bush and Cheney.

IMHO, if someone gets busted at that level of influence, it had nothing to do with breaking the law and much more to do with personal motives and agenda's, like being the object of a revenge scheme, or some other ploy/play that the insiders use among themselves and keep to themselves about.

Sort'a like honor among thieves, at the highest levels.

 

[Zebo]

They toss us a carrot and ya act like Ya I new that Or zebos post surprized that they nailed a throw away. Come on people . Walk like an Egytian .

 

[JSt0rm]

They toss us a carrot and ya act like Ya I new that Or zebos post surprized that they nailed a throw away. Come on people . Walk like an Egytian .

holy shit I have no idea what you wrote. D:

 

[Nemesis 1]

At that stratospheric level, they are as untouchable as Bush and Cheney.

IMHO, if someone gets busted at that level of influence, it had nothing to do with breaking the law and much more to do with personal motives and agenda's, like being the object of a revenge scheme, or some other ploy/play that the insiders use among themselves and keep to themselves about.

Sort'a like honor among thieves, at the highest levels.

Knock me over with a feather someone actually get it . Time to walk like an Egyptian if ya have the balls .

 

[Nemesis 1]

holy shit I have no idea what you wrote. D:

Go figure . Your young I take it.

 

[Zebo]

I didnt either but it made me smile thinking about Susanna Hoffs

That was good enough.

 

[Acanthus]

holy shit I have no idea what you wrote. D:

Yeah, i know the song reference but that was largely incoherent.