trading program - Max Keiser

Stacy Summary: Actually, it was the US attorney who said it, but as Durbin says “bankers own the place.” Maybe this ‘theft’ is actually just a shock and awe type sales pitch? Or maybe they want to blame someone else for the next leg down? We know via ZeroHedge that Goldman was, afterall, 50% of the program trading market. Though, conveniently, the NYSE issued a new rule last week that makes it impossible for the public (or bloggers) to know who is manipulating markets.

“There is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways”

“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.”