Pin the tail on Goldman?

[Alameo]

I'm a huge fan of Zero Hedge and they just posted this about Goldman.

Paraphrasing:  A financial institution (allegedly Goldman) had some code stolen and it relates to quant program trading.  49% (I think, can't find it) of the stock market movements last week was due to quant trading and the week prior Goldman represented 60% of quant trades and Zero Hedge is all over this.

Reuters article about it too, same link ZH has.  (Am i allowed to post Reuters blogs links?

Grab the popcorn,

Al

Edit: CNBC has a copy of the above reuters link so it seems to have at least blipped on the MSM radar.

[periol]

wowsers.  good find.   

[Arraya]

And to make the tale even juicier, it's a Russian...

[Russ]

I saw this earlier this morning. It's tough to tell how compromised GS is, especially given the way the company, the feds, and the NYSE have closed ranks to throw up a smokescreen of secrecy. (Which isn't surprising, given GS's privileged position which no one even bothers hiding anymore.)

[stercrazy]

Just thought everyone would be interested in this piece over at Crytogon.

http://cryptogon.com/?p=9674

sorry didn't see someone had already posted it here:
http://www.doomers.us/forum2/index.php/topic,48581.0.html

please do with this as you will

[Alameo]

url=http://market-ticker.denninger.net/archives/1181-Goldman-Pwned.html]Denninger[/url] at Market Ticker's picked it up too.   Nothing else so far.

And ZH's website seems to be down or way slow this morning so the ZH blogspot post laying out the details is also linked to here

[Rival]

One of the keys to Goldman being so successful is in their role as "the rake". That is to say, they actually create nothing, but the flurry of motion that occurs as the various players jockey for profits allows them to syphon off the house percentage of all of the action. Just as a day trader contributes nothing to anyone other than other day traders, Goldman pulls in billions from traders and investors that would be better served in the pockets of the population at large. They really have corrupted the entire concept of capitalism.

Knowing their algorithms would leave Goldman open to being raped. Too bad it won't be a pension fund, a municipality, or a charitable fund that does the raping.

Liquidating Goldman and dispursing their assets could make every state in the union solvent for the next decade.

[firewalker]

Monday, July 6, 2009
New York Stock Exchange: "We Screwed Up"
 
Posted by Tyler Durden at 12:59 PM

http://zerohedge.blogspot.com/2009/07/new-york-stock-exchange-we-screwed-up.html

Well isn't that nice, NYSE covers for GS.