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Goldman Sachs Admits Its Software Can “Manipulate Markets in Unfair Ways”

Posted By admin On July 8, 2009 @ 4:33 am In Money Watch | Comments Disabled

George Washington Blog [1]
Wednesday, July 8, 2009

Goldman Sachs says [2] that its program trading software can be used to manipulate markets:

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.

(and see this [3]).

Given that Goldman obviously knows how to use its own program – which it paid many millions for – isn’t that a virtual admission that Goldman has been manipulating markets?

[4]


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URL to article: http://www.prisonplanet.com/goldman-sachs-admits-its-software-can-manipulate-markets-in-unfair-ways%e2%80%9d.html

URLs in this post:

[1] George Washington Blog: http://www.washingtonsblog.com/2009/07/goldman-sachs-admits-its-software-can.html

[2] says: http://www.nytimes.com/2009/07/07/business/07goldman.html?_r=2&ref=business

[3] this: http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ

[4] Image: http://prisonplanet.tv/signup.html

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