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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 
Wednesday, July 8, 2009
Goldman Sachs says  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 ).
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?
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URLs in this post:
 George Washington Blog: http://www.washingtonsblog.com/2009/07/goldman-sachs-admits-its-software-can.html
 says: http://www.nytimes.com/2009/07/07/business/07goldman.html?_r=2&ref=business
 this: http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ
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