Fraud* According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain *As defined in Wikipedia
Editors note: Sam Seder talks with Matt Taibbi about his Rolling Stone article on Goldman Sachs and its long history of profiteering. My question to you is- what will they do when they've pillaged and plundered everybody that has any money left? Start buying up companies and properties at fire sale rates? Check. Use that to further corporatize our government? Check. Most Americans have lead incredibly shielded lives. If you've never been to a third world country and seen the heartbreaking poverty and starvation you are going to be in for a big surprise when the USA starts looking that way. I sure hope I'm wrong.
Check out Sam's site for the other three parts here.
As traders on the floor, we have heard that Goldman has a sophisticated program that can "sniff" the book. They can see resting orders, stops, and icebergs.
Interestingly, the guy that had the HFT program had his charges dropped. Goldman didn't want to see it go to trial.
2 COMMENTS:
RE: Editors comment....AMEN.
As traders on the floor, we have heard that Goldman has a sophisticated program that can "sniff" the book. They can see resting orders, stops, and icebergs.
Interestingly, the guy that had the HFT program had his charges dropped. Goldman didn't want to see it go to trial.
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