tag:blogger.com,1999:blog-5724181159639068489.post8331555665927808857..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs Links and News - April 7, 2010 - Featuring Larry's CornerRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5724181159639068489.post-34184259639794954162010-04-08T22:48:25.731-04:002010-04-08T22:48:25.731-04:00Davidowitz: Wall St.-D.C. Bigwigs "Buried Our...Davidowitz: Wall St.-D.C. Bigwigs "Buried Our Country ... They Sold Us Down the River"<br /><br /><br /> "They buried our country, they sold us down the river," he tells Aaron and Henry in the accompanying clip. "They allowed Wall Street and the banks to run wild with our money and take unconscionable risks with our money. And now that it's hit the fan they don't know what happened? It's preposterous."<br /><br /><br /><br />http://tinyurl.com/ygwcagwAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-38060914098832244462010-04-08T14:31:25.986-04:002010-04-08T14:31:25.986-04:00Their(gs) everywhere you don't want them to be...Their(gs) everywhere you don't want them to be...<br /><br />We wonder just how few market participants are being affected currently as Getco may or may not be using Flash to prescreen orders and reroute order flow between various exchanges. Oh yes, remember that whole Flash trading debacle? Well, after making a ruckus and saying it is banning it, the SEC still hasn't done anything officially from preventing the large liquidity "providers" from front running all institutional large blocks as Flash is still perfectly legal on all exchanges! And the exchanges wonder why so much traffic is moving to dark venues. Amusingly enough, say you do say enough to a manipulated exchange-based market and want to trade in dark pools (assuming you are a multi-million QIB and can afford Sigma X), well, then you get sub-pennied to death, as the algos front run all of your trades there as well, in blatant violation of the NBBO. The logical alternative, and the one we have been endorsing for months, to simply stop trading until things are fixed, just does not seem to compute.<br /> <br />Amusingly, the SEC is once again posturing and pretending it cares about the market which has not been efficient, or unmanipulated since about the early 1990's (and even then specialists would rape and pillage whatever they could - just ask Goldman and why it acquired Spear Leeds & Kellogg). In the latest iteration of its buffoonery, the SEC has announced it would now "track" High Frequency Trading firms and presumably isolate those orders. Why they are doing this is completely unknown - after all wasn't all HFT perfectly normal and nobody suffered as a result of massive momentum pushes away from equilibrium in either direction?<br /><br />http://www.zerohedge.com/article/nyses-latest-benevolent-dmm-getco-slapped-2-million-fee-improper-fsa-reports-sec-begins-trac?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-69742824261953961322010-04-08T09:52:31.864-04:002010-04-08T09:52:31.864-04:00You mean this Jon Corzine...the one that feels a l...You mean this Jon Corzine...the one that feels a little entitled from his position?..Imagine what he'd do for real $? Enough is never enough?<br /><br /><br />Corzine's tix tricks<br /><br /><br />Former New Jersey Gov. Jon Corzine's office got U2 and Bruce Springsteen seats the public couldn't buy last year, at the same time the state was suing brokers over ticketing practices, according to documents showing 22 elected officials received special treatment.<br /><br />Corzine's office reserved 57 tickets for U2, Springsteen and the Jonas Brothers at Giants Stadium and Izod Center from July to October 2009 through the New Jersey Sports & Exposition Authority, agency records show.<br /><br />The documents, evidence in a state lawsuit against ticket Web sites, indicate more than 350 seats for 15 concerts were set aside for elected officials.<br /><br />Read more: http://www.nypost.com/p/news/local/corzine_tix_tricks_j5NsSxd7B3IbC575NZCCRJ#ixzz0kW4nz9nAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-69395333666199615422010-04-08T07:57:04.743-04:002010-04-08T07:57:04.743-04:00"There's enormous tension, enormous envy,..."There's enormous tension, enormous envy," said Jon Corzine, who has served as governor of and as a senator from New Jersey<br /><br />That basically says the guys a pos...so where all envious they raped the country's coffers? I think most people are fed up that there are 2 set of rules when it comes to risk taking. They get bailed out...the rest get hung out to dry.Anonymousnoreply@blogger.com