Goldman Sachs Loses Grip on Its Doomsday Machine:

[EagleKeeper]

Originally posted by: JSt0rm01

Originally posted by: Darthvoy

Originally posted by: BoberFett

Originally posted by: NaughtyGeek
Low and behold, look who's fixing to report record profits following on the heels of disaster.


Linkage

It can't hurt having friends in high places.

exactly... the Obama administration is littered with wall street invesmtent bankers. Why no outrage I wonder? If it was any other time in history, I think we would have held them to the stake.

you mean like all the big business deregulation defense contractor ass fuck of the last 8 years? Yeah we were all up in arms about that weren't we

Of course how many big bucks Defense contracts were canceled/rebid in the last 8 years?
How many contracts are on the chopping block right now that Gates identified under Bush

 

[halik]

Doomsday device my ass, goldman was just worried that if they don't make it uber dramatic, FBI won't get him on time and their IP will be lost.

It's not as if you can use the system pretending that you're goldman sachs and move markets. You'd need a shitload of capital to replicate what they were doing it, besides low latency (I mean LOW) FIX pipelines to the exchanges.

Translation of the story: "catch him before we lose all the work from a quant team that we have to pay 7 figures a year"

I bet he just jacked the black box order routing system and basically effed over the prime brokerage.

 

[smack Down]

Originally posted by: halik
Doomsday device my ass, goldman was just worried that if they don't make it uber dramatic, FBI won't get him on time and their IP will be lost.

It's not as if you can use the system pretending that you're goldman sachs and move markets. You'd need a shitload of capital to replicate what they were doing it, besides low latency (I mean LOW) FIX pipelines to the exchanges.

Translation of the story: "catch him before we lose all the work from a quant team that we have to pay 7 figures a year"

I bet he just jacked the black box order routing system and basically effed over the prime brokerage.

Government Sachs didn't want it getting out how rigid the stock market is. Only they should be allowed to "manipulate markets in unfair ways.?

 

[halik]

Originally posted by: smack Down

Originally posted by: halik
Doomsday device my ass, goldman was just worried that if they don't make it uber dramatic, FBI won't get him on time and their IP will be lost.

It's not as if you can use the system pretending that you're goldman sachs and move markets. You'd need a shitload of capital to replicate what they were doing it, besides low latency (I mean LOW) FIX pipelines to the exchanges.

Translation of the story: "catch him before we lose all the work from a quant team that we have to pay 7 figures a year"

I bet he just jacked the black box order routing system and basically effed over the prime brokerage.

Government Sachs didn't want it getting out how rigid the stock market is. Only they should be allowed to "manipulate markets in unfair ways.?

Anyone with enough capital can "manipulate markets in unfair ways." This is not related to theft of a black box trading system in anyway; they're just worried that either someone will jack their order routing algorithms or take positions against them.

If you can analyze how the machine will trade given a scenario, you can create the scenario (with enough capital) and make goldman lose a bunch of money. That or just emulates the strategy and eat up all the alpha.

Goldman doesn't do anything different than any of the other players or quant hedge funds for that matter. They just don't want to have their cards on the table.

<- Ex-goldman analyst. And no, it's not a jewish conspiracy to take over the world.

 

[Hacp]

Originally posted by: halik

Originally posted by: smack Down

Originally posted by: halik
Doomsday device my ass, goldman was just worried that if they don't make it uber dramatic, FBI won't get him on time and their IP will be lost.

It's not as if you can use the system pretending that you're goldman sachs and move markets. You'd need a shitload of capital to replicate what they were doing it, besides low latency (I mean LOW) FIX pipelines to the exchanges.

Translation of the story: "catch him before we lose all the work from a quant team that we have to pay 7 figures a year"

I bet he just jacked the black box order routing system and basically effed over the prime brokerage.

Government Sachs didn't want it getting out how rigid the stock market is. Only they should be allowed to "manipulate markets in unfair ways.?

Anyone with enough capital can "manipulate markets in unfair ways." This is not related to theft of a black box trading system in anyway; they're just worried that either someone will jack their order routing algorithms or take positions against them.

If you can analyze how the machine will trade given a scenario, you can create the scenario (with enough capital) and make goldman lose a bunch of money. That or just emulates the strategy and eat up all the alpha.

Goldman doesn't do anything different than any of the other players or quant hedge funds for that matter. They just don't want to have their cards on the table.

<- Ex-goldman analyst. And no, it's not a jewish conspiracy to take over the world.

So goldman is trying to get the government to do its dirty work? Why else would they exaggerate the consequences if the program were stolen?

 

[halik]

Because FBI is the agency that handles thefts of corporate secrets? It is a criminal matter after all and I'm sure FBI along with SEC are the ones dealing with it.

If nothing more, it can lead to insider trading.

Plus if goldman had/was doing something illegal, I'm sure they wouldn't publicly announce that someone stole their illegal machine.

 

[Harabec]

Originally posted by: Genx87


http://www.rollingstone.com/po...merican_bubble_machine

Is this real?

 

[halik]

Originally posted by: Harabec

Originally posted by: Genx87


http://www.rollingstone.com/po...merican_bubble_machine

Is this real?

Yeah if you get your economics and credit cycle information from a guy that writes satire for rolling stone.

Buy this if you want to a historical perspective on the credit cycle bubbles.

 

[smack Down]

Originally posted by: halik
Because FBI is the agency that handles thefts of corporate secrets? It is a criminal matter after all and I'm sure FBI along with SEC are the ones dealing with it.

If nothing more, it can lead to insider trading.

Plus if goldman had/was doing something illegal, I'm sure they wouldn't publicly announce that someone stole their illegal machine.

No they just have the Nixon philosophy it isn't illegal when Government Sachs does it..

 

[halik]

Originally posted by: smack Down

Originally posted by: halik
Because FBI is the agency that handles thefts of corporate secrets? It is a criminal matter after all and I'm sure FBI along with SEC are the ones dealing with it.

If nothing more, it can lead to insider trading.

Plus if goldman had/was doing something illegal, I'm sure they wouldn't publicly announce that someone stole their illegal machine.

No they just have the Nixon philosophy it isn't illegal when Government Sachs does it..

:roll:

So i don't suppose you have anything cogent to add to the discussion then?

 

[Dr. Zaus]

Originally posted by: halik

Originally posted by: Harabec

Originally posted by: Genx87


http://www.rollingstone.com/po...merican_bubble_machine

Is this real?

Yeah if you get your economics and credit cycle information from a guy that writes satire for rolling stone.

Buy this if you want to a historical perspective on the credit cycle bubbles.

Predictably Irrational is an entertaining read.

 

[Taejin]

thanks for the explanation halik, makes more sense now

 

[dmcowen674]

The software is in plain sight.

Anyone have a bank account?

Look at the interest the last year.

The banks are making a killing while actually doing negative interest on U.S. customers.

 

[tvarad]

Originally posted by: DixyCrat

Originally posted by: halik

Originally posted by: Harabec

Originally posted by: Genx87


http://www.rollingstone.com/po...merican_bubble_machine

Is this real?

Yeah if you get your economics and credit cycle information from a guy that writes satire for rolling stone.

Buy this if you want to a historical perspective on the credit cycle bubbles.

Predictably Irrational is an entertaining read.

Here's the latest:

For Goldman, a Swift Return to Lofty Profits

In particular:

"On Wall Street, where money is the ultimate measure, Goldman is both revered and reviled. Its bankers and traders are sometimes referred to as the Bandits of Broad Street. An executive at a rival bank characterized Goldman traders as ?orcs,? the warlike creatures of Middle Earth in Tolkien?s ?The Lord of the Rings.?

Even mainstream America is taking notice. An article about Goldman in a recent issue of Rolling Stone, by Matt Taibbi, characterized Goldman as ?a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.? Goldman dismissed the article as the ramblings of conspiracy theorists."

Frankly I don't begrudge these geniuses their money, but when there's a revolving door connecting their offices and the Treasury, it should give one pause about conflict of interest, especially when some of it's competitors were blown away by Hank Paulson, a Goldman Sachs alumnus.