GoldmanSachs666 Message Board

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

Thursday, May 20, 2010

SEC ignores Goldman's SLP advantage

Yet another advantage Goldman Sachs has given itself to extract wealth from the middle class:

SEC Report On May 6 Meltdown Discusses HFT, Has Not One Mention Of The NYSE's "Supplementary Liquidity Providers"


One thing that there is no mention of anywhere in the report, is the NYSE contraption known as Supplementary Liquidity Provider, a program created to give Goldman dominance over the DMM-parallel liquidity rebate system at the NYSE. One would think that the SEC would be aware of this program that was supposed to expire in early 2009, yet continues to be extended and provides Goldman and Getco with, arguably, unprecedented forward-looking information on order flow.

Read the rest here


Anybody remember the game show "Concentration"? As contestants answered questions correctly, another piece of the puzzle was revealed. That's what this story reminds me of- another piece of the puzzle of unjust enrichment Goldman has given itself is revealed.


JR said...

How true! When we get all the pieces put together, what a sight it will be.

RobertM said...

No comments on my puzzle? I spent most of the morning photoshopping that thing! :)

JR said...

Yes, I took another look and solved the puzzle: gold man plus sacks equals robbers Goldman Sachs. Yay!!!

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