Goldman Spy Case: Bank Frets Over 'Doomsday Machine' Trading Codes

bloomberg.com:

July 9 (Bloomberg) -- 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.

Read the whole story: bloomberg.com

Comments

[SeconLine]

"We paid for the program.

We get to be the ones to manipulate the market."

[ErnestineBass]

Seriously!

I particularly liked what prosecuting U.S. Attorney Joseph Facciponti had to say:

"The bank (Goldman Sachs) has raised the possibility that there is a danger that somebody who knew how to use the program could use it to manipulate the market in unfair ways."

Goldman Sachs is soooooooooooooo busted.

LMAO

[shamaniceconomist]

On the surface, this is a very bizarre story, but that's probably just because someone is not saying something that would make it make sense. If every computer programmer who had ever had access to a proprietary computer program had to be locked up, there wouldn't be anyone left.

[marxmarv]

They could just blind them like Stalin did.

Which would mean it's time for me to get into farming.