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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?

Goldman Sachs Admits Its Software Can Manipulate Markets in Unfair Ways” 250509BANNER [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

[5] Goldman Sachs’ $550m fine no ‘heavy price’ if markets are anything to go by: http://www.prisonplanet.com/goldman-sachs-550m-fine-no-heavy-price-if-markets-are-anything-to-go-by.html

[6] Max Keiser: “Goldman Sachs’ crash of markets last year was a false flag operation”: http://www.prisonplanet.com/max-keiser-goldman-sachs-crash-of-markets-last-year-was-a-false-flag-operation.html

[7] Goldman Sachs Employees Have Donated How Much Money To Mitt Romney?!: http://www.prisonplanet.com/goldman-sachs-employees-have-donated-how-much-money-to-mitt-romney.html

[8] Levin to Goldman Sachs: ‘You Knew It Was a S–tty Deal!’: http://www.prisonplanet.com/levin-to-goldman-sachs-you-knew-it-was-a-s-tty-deal.html

[9] Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus: http://www.prisonplanet.com/goldman-sachs-top-city-banker-michael-sherwood-receives-15-8m-share-bonus.html

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