By Jonathan Weil
Never let it be said that the Justice Department can’t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.
Continue Reading Goldman Sachs Loses Grip on Its Doomsday Machine: Jonathan Weil
By Daily Kos
A couple of months ago, we also learned through Zero Hedge that Goldman had profited greatly from a sweetheart deal with the federal government concerning a new program instituted by the Feds known as “The Supplemental Liquidity Provider” Program (“SLP”), launched this past Thanksgiving, which was supposed to provide “market liquidity” (i.e.: an ongoing, active market) for selected groups of 500 different NYSE stocks per SLP participant.
Continue Reading Breaking: FBI Arrest Opens Goldman-Sachs’ Pandora’s Box
By Daily Kos
“If ya ain’t cheatin’, ya ain’t tryin’.”
Apparently, Goldman Sachs has been booted out from doing computerized quant trades at the New York Stock Exchange.
Continue Reading “Incredibly Shrinking Liquidity” as Goldman Flushed Quant Trading