Politics
Out of context: Reply #8171
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- TheBlueOne0
"At a court appearance July 4 in Manhattan, Assistant U.S. Attorney Joseph Facciponti told a federal judge that Aleynikov’s alleged theft poses a risk to U.S. markets. Aleynikov transferred the code, which is worth millions of dollars, to a computer server in Germany, and others may have had access to it, Facciponti said, adding that New York-based Goldman Sachs may be harmed if the software is disseminated.
“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,” Facciponti said, according to a recording of the hearing made public today. “The copy in Germany is still out there, and we at this time do not know who else has access to it.”
http://www.bloomberg.com/apps/ne…
So, in the "wrong hands" it could manipulate markets in unfair ways. And Goldman Sachs would never do something like that. Nope. No sir.
A second point, this program is most assuredly not the only program of it's sort. Since markets are zero-sum games, whose the loser if all these investment houses are running front end market manipulations on trades based on these programs? I leave that dangling in the air....
Third, amazing how fast Goldman Sachs got the FBI to jump on this, less than 24 hours. How long does it take for the cops to show up at your door about you're stolen property. This point made with tongue planted in cheek.
And finally, this might raise your eyebrows and chuckle a bit: