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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (30567)	7/11/2009 2:34:14 PM
From: axial	Read Replies (1) \| Respond to of 46821

This is an interesting issue - suspicion and paranoia centerd on Goldman Sachs is all the rage, right now. As to market-dominating and specific trading strategies, they probably exist. As posted previously, many of Enron's rapacious traders found homes on Wall Street. Enron's practices were not despised, they were enthusiastically adopted. The idea of altering futures (artificially inflating them) and trading off the outcomes was a key Enron strategy. High frequency and quantitative spread trading have increased their market penetration. It's one of the spiral arms in the hurricane of issues around current economics and finance, particularly in the US. Conspiracy theorists are having a field day. I think there are some truths, without overall guided intent. Probably there's some financial malfeasance, definitely some ill-considered and possibly illegal actions by Paulson and Bernanke in a time of economic emergency, and a historically-justified worry about "collegial" thinking close to government (the Wall Street-Washington corridor). I thought Taibbi's article was good, and posted links to it on SI. But the thesis deserves examination. One of the more rational responses was seen here: Goldman good but not that bad "But in counts three and five, Goldman may very well have some more explaining to do. These are the ones that deal with Goldman's actions during the current financial crisis." atimes.com Jim