De tactieken van Goldman Sachs

quote:

Op zaterdag 4 juli 2009 11:31 schreef pberends het volgende:

[..]

Precies. Dat burgers deze praktijken überhaupt proberen te verdedigen is niet te geloven. Hoe naïef kan je zijn.

Ik vind dit "complot" 100 keer geloofwaardiger klinken dan dat Goldman er is om "het goede" te dienen, zoals ze zelf zeggen. Hoe verzinnen ze het. Geef op zijn minst toe dat het hen alleen maar gaat om winst maken.

Het primaire doel van elke onderneming is het genereren van inkomsten.

quote:

Op zaterdag 4 juli 2009 13:39 schreef TubewayDigital het volgende:

[..]

Je hebt dit op de frontpage geplaatst? Nadat iemand uit de indsutrie er een negatief oodeel over heeft gegeven ?

Frontpage is crap

quote:

Op zondag 5 juli 2009 10:01 schreef TubewayDigital het volgende:
Ga je dit artikel van Drugshond ook op de Frontpage zetten Berends

Hoe moet ik hier nu een nieuwsartikel van maken ?

quote:

Op zondag 5 juli 2009 10:22 schreef Halcon het volgende:

[..]

Het primaire doel van elke onderneming is het genereren van inkomsten.

Joh, meen je dat? Dat is het probleem niet.

Het probleem is wel dat Goldman dat doet ten koste van pensioenfondsen en belastingbetalers omdat ze gewoon valsspelen. Kom eens met goede argumenten.

quote:

Op zondag 5 juli 2009 10:49 schreef pberends het volgende:

[..]

Joh, meen je dat? Dat is het probleem niet.

Het probleem is wel dat Goldman dat doet ten koste van pensioenfondsen en belastingbetalers omdat ze gewoon valsspelen. Kom eens met goede argumenten.

Jouw probleem was dat ze winst proberen te maken. Get real, dat probeert vrijwel elk bedrijf.

Het probleem is dat andere banken hun zaakjes niet goed op orde hadden. Goldman maakte pakketjes die een triple A label kregen, maar wel 8% rendement opleverde. Dan moet je gaan nadenken, dat is niet gebeurd en de rest is bekend.

quote:

Op zondag 5 juli 2009 10:53 schreef Halcon het volgende:

[..]

Jouw probleem was dat ze winst proberen te maken. Get real, dat probeert vrijwel elk bedrijf.

Het probleem is dat andere banken hun zaakjes niet goed op orde hadden. Goldman maakte pakketjes die een triple A label kregen, maar wel 8% rendement opleverde. Dan moet je gaan nadenken, dat is niet gebeurd en de rest is bekend.

Wat loop jij uit je nek te lullen joh? Ik zeg toch DUIDELIJK dat het de manier is waarop ze winst maken, niet dat ze winst maken. Maar goed, ik loop tegen een Chinese muur te praten zo te zien.

quote:

Op zondag 5 juli 2009 11:12 schreef pberends het volgende:

[..]

Wat loop jij uit je nek te lullen joh? Ik zeg toch DUIDELIJK dat het de manier is waarop ze winst maken, niet dat ze winst maken. Maar goed, ik loop tegen een Chinese muur te praten zo te zien.

Met de ijdele hoop iets van dit topic te maken:

pberends, kun je ons dan ook uitleggen hoe ze precies winst maken en welke gedeelte daarvan volgens jou "discutabel" is? Moet niet lastig uit te vinden zijn, het is een publiek bedrijf en alle gegevens zijn vrij te verkrijgen. Tot nu toe weet ik enkel dat je een probleem hebt met de manier waarop ze winst maken. Je hebt echter nooit duidelijk weten te maken aan de onschuldige lezer wat ze dan precies deden. Thanks!

Ik zie het hele probleem niet.

Ja, dus GS heeft geld verdiend door bubbles te creëren en die vervolgens te laten klappen? Is dat verboden ofzo?

De media doen de hele dag niet anders. De ene na de andere hype wordt over je uitgestort en na enige tijd weer afgebrand. Dacht je dat daar geen geld mee verdiend wordt?

Mensen zijn zelf zo stom om er elke keer met open ogen in te trappen. Het was overduidelijk dat de huizenmarkt een enorme zeepbel was, ook in Nederland. Als je dat niet ziet, verdien je het gewoon om geld te verliezen.

Volgens mij moeten jullie dat artikel van Matt Taibbi eens lezen, ipv allerlei zaken, die Goldman niet ontkent met argumenten, te ontkennen. Voor de rest heb ik geen enkele zin om tijd en energie te stoppen in figuren met oogkleppen op.

Volgens mij is het probleem van pberends dat hij alleen maar artikelen leest en zelf nooit eens fatsoenlijk onderzoek doet.

quote:

Op zondag 5 juli 2009 15:36 schreef pberends het volgende:
Volgens mij moeten jullie dat artikel van Matt Taibbi eens lezen, ipv allerlei zaken, die Goldman niet ontkent met argumenten, te ontkennen. Voor de rest heb ik geen enkele zin om tijd en energie te stoppen in figuren met oogkleppen op.

Volgens mij moet je grote woorden eens gaan combineren met een goed verhaal. Maar goed, die moeite is je blijkbaar teveel en dat maakt een topic als dit zo overbodig.

nou ja, het feit dat pberends weer eens iedereen die het niet met hem eens is voor dom verklaart, is niet echt een reden om een topic in AEX overbodig te verklaren.

Is dit nieuws? Professionele handel verdient geld met anticiperen op de markt omdat ze een kennisvoorsprong hebben. Yep, de markt wordt soms gestuurd en op het kantje gezet. Welkom bij de essentie van beleggen, pardon speculeren. F*ck, iets anders verwachten getuigt van volkomen naiviteit. GS is daar niet uniek in, zelfs de suffe Rabobank doet het. GS is daar gewoon net iets beter in. Ja, dat frustreert

zeg pberends, zag je een paar weken die eensluidende plug van nat. gas? Uit alle hoeken en gaten kwamen analisten te voorschijn die zeiden dat nat. gas een must buy is, met exact hetzelfde lulverhaal. Toeval? Nee, iedereen holt achter het zelfde thema aan, en alleen degene die de trein in beweging zet, en de eerste passagiers verdienen eraan. Al decennia lang. GS heeft 1 ding goed begrepen: zorg dat je de machinist bent (of je moet de kaartjes mogen knippen trouwens )

[ Bericht 12% gewijzigd door Dinosaur_Sr op 05-07-2009 18:33:28 ]

Ehmmmm............

Bronnen :

Zerohedge 1

Zerohedge 2

Reuters

CNBC


Now

Previous

O la la....
Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs?
Posted by Tyler Durden at 5:48 PM

Major developing story: Matt Goldstein over at Reuters may have just broken a story that could spell doom for if not the entire Goldman Sachs program trading group, then at least those who deal with "low latency (microseconds) event-driven market data processing, strategy, and order submissions." Visions of swirling, gray storm clouds over Goldman's SLP and hi-fi traders begin to form.

Back-up: This week's NYSE Program Trading report was very odd: not only because program trading hit 48.6% of all NYSE trading, a record high at least since the NYSE keep tabs of this data, and a data point which in itself was startling enough to cause some serious red flags as I jaunt from village to village in what little is left of Europe's bison country, but what was shocking was the disappearance of the #1 mainstay of complete trading domination (i.e., Goldman Sachs) from not just the aforementioned #1 spot, but the entire complete list. In other words: Goldman went from 1st to N/A in one week.

Alas, the just released weekly data proves that either theirs was a material misrepresentation of facts, or Goldman simply suddenly decided to stop transacting with the NYSE, or, what would be even more sinister, Goldman notified the NYSE to scrap all their trading data from the prior week. Why would they do that?
--------------------------------------------------
COLUMN-A Goldman trading scandal ?
--Matthew Goldstein is a Reuters columnist. The views expressed are his own.--

By Matthew Goldstein

NEW YORK, July 5 (Reuters) - Did someone try to steal Goldman Sachs' secret sauce?

While most in the United States were celebrating the Fourth of July holiday, a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution. Authorities did not identify the firm, but sources say that institution is none other than Goldman Sachs.

The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman's automated stock and commodities trading business. Federal authorities contend the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major financial institution generate millions of dollars in profits each year.

The platform is one of the things that gives Goldman an advantage over the competition when it comes to the rapid-fire trading of stocks and commodities. Federal authorities say the platform quickly processes rapid developments in the markets and using secret mathematical formulas, allows the firm to make highly-profitable automated trades.

The criminal case has the potential to shed a light on the inner workings of an important profit center for Goldman and other Wall Street firms. The charges also raise serious questions about the safeguards that Wall Street firms deploy to protect these costly-to-build proprietary trading systems.

The criminal case began to unfold on the evening of July 3, when Aleynikov was arrested by FBI agents at Newark Airport after returning from Chicago. Aleynikov apparently had just started a job with another big firm in Chicago after leaving his previous employer in New York in early June. It appears that the financial institution allegedly victimized by Aleynikov had alerted federal authorities that its former employee might be up to no good.

On July 4, Aleynikov was processed on a "theft of trade secrets charge" in a criminal complaint. As of this morning, he was still being held at the Metropolitan Correction Center in Brooklyn.

A Goldman spokesman declined to comment on the incident. Calls to Aleynikov's home in New Jersey, which he shares with his wife, were not returned. A spokeswoman for the United States Attorney's Office in Manhattan did not comment.

The Federal Bureau of Investigation, in charging Aleynikov, says he began working for the major financial institution in May 2007 as a computer programmer and left in early June. That matches the description of a man named Serge Aleynikov on the social networking site LinkedIn (the difference in spelling of the first name could not be immediately explained).

The biographical information for Aleynikov on LinkedIn says he joined Goldman in May 2007 and was vice president for equity strategy. The bio says he was responsible for "development of a distributed real-time co-located high-frequency trading platform."

The case against Aleynikov may explain why the New York Stock Exchange moved quickly last week to stop reporting program stock trading for its most active firms. Goldman was often at the top of the chart -- far ahead of its competitors. It's possible Goldman had asked the NYSE to stop reporting the number after it discovered that someone may have infiltrated the proprietary computer codes it uses.

Here's the way the criminal complaint describes the Goldman trading platform:

"The Financial Institution has devoted substantial resources to developing and maintaining a computer platform that allows the Financial Institution to engage in sophisticated high-speed, and high-volume trades on various stock and commodities markets. Among other things, the platform is capable of quickly obtaining and processing information regarding rapid developments in these markets."

Federal authorities appear to believe Aleynikov may have had help. The German website that Aleynikov is accused of uploading the stolen information to is registered to a person in London.

While the case is still unfolding, there is more information to unearth about Aleynikov. For instance, it appears that he and his wife are competitive ballroom dancers--there are videos of them on YouTube.com.

Many questions remain. Which Chicago firm hired Aleynikov? The job he took in Chicago, according to the criminal complaint, paid nearly three times more than his $400,000 salary at Goldman.

Also there's more to learn about anyone who might have been helping him and the fallout the case may have for Goldman. When he was arrested, Aleynikov told the FBI he "only intended to collect 'open source' files on which he had worked, but later realized that he had obtained more files than he intended."

Quick, get this guy a good lawyer.

One question investors need to ask is whether this incident will have any impact on Goldman's second-quarter earnings. The alleged wrongdoing by Aleynikov took place at the beginning of June--although it's not clear if it had any material impact on automated trading.
=======================================
Dit bedenk je toch niet.......Maar het is wel een true-[BNW] story unwinding (en een flinke deze keer).
Lijkt erop dat iemand een soort meet & regeltechniek toepaste om de automatic trading van GS te bestuderen. In de hoop er iets wijzer van te worden om daar voordeel uit te halen (of iets uit de doofpot zichtbaar te maken) . Welnu Goldman Sachs levert geen data meer aan NYSE... of ze hebben hun automatische trading faciliteiten gestopt.
KGB, MI6, Protectionisme, False Flag roept u maar.

[ Bericht 0% gewijzigd door Drugshond op 06-07-2009 08:17:12 ]

quote:

Op zondag 5 juli 2009 18:25 schreef Dinosaur_Sr het volgende:
Is dit nieuws?

Nu wel...
Met een bron van Reuters+CNBC en een iets andere nieuwsfeitje hebben we weer een kapstok.

[ Bericht 0% gewijzigd door Drugshond op 06-07-2009 08:15:03 ]

Taibbi: NYSE ends transparency to protect Goldman Sachs

The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading — a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.

The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose Rolling Stone article on Goldman Sachs’ role in asset bubbles over the past century has rocked the financial world.

According to previous NYSE rules, any company that carried out program trading — essentially, large computer-automated trades worth more than $1 million — had to report the trades to the NYSE, which then made the information publicly available.

But, under new regulations (PDF) published last week, that requirement has been removed.

“The NYSE announced that it will no longer be releasing its weekly program trading data,” Taibbi wrote in a blog posting. “This is quiet obviously a move designed to make it even more impossible to track what’s going on in the NYSE and shield, in particular, Goldman Sachs.”

Taibbi argues that the move is designed to protect investment banks from bloggers who are exposing the companies’ stock market manipulations. Goldman Sachs is singled out because the investment bank’s share of principal NYSE trading has gone from 27 percent at the end of 2008 to fully 50 percent of trades in recent months.

Blogs such as Zero Hedge have been using NYSE data to argue that Goldman Sachs now has an almost unfettered ability to control stock prices.

Responding last week to news of the NYSE’s rule change, Zero Hedge argued:

The NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE’s program trading.
===============================
Of toch een flink rookgordijn van GS/overheid.
Dat er iets aan de hand is lijkt me evident (de absentie van tradingdata is een hugh trigger). Anders geven ze die data gewoon prijs.

Deze bron is veel vager maar op sommige punten weer beter... Vreemd dat de naam Aleynikov nergens in voorkomt (Reuters maakt er wel melding van). False flag gedoe ?

Links (makkelijk met terugzoeken):

Link 1 - Aleynikov

Link 2 - GS NYSE

[ Bericht 2% gewijzigd door Drugshond op 06-07-2009 08:14:11 ]

Lijkt wel een soap inmiddels:

A Goldman trading scandal?

quote:

NEW YORK, July 5 (Reuters) - Did someone try to steal Goldman Sachs' secret sauce?

While most in the United States were celebrating the Fourth of July holiday, a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution. Authorities did not identify the firm, but sources say that institution is none other than Goldman Sachs.

The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman's automated stock and commodities trading business. Federal authorities contend the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major financial institution generate millions of dollars in profits each year.

The platform is one of the things that gives Goldman an advantage over the competition when it comes to the rapid-fire trading of stocks and commodities. Federal authorities say the platform quickly processes rapid developments in the markets and using secret mathematical formulas, allows the firm to make highly-profitable automated trades.

Goldman: Pwned?

quote:

Op maandag 6 juli 2009 08:19 schreef Perrin het volgende:
Lijkt wel een soap inmiddels:

A Goldman trading scandal?
[..]

Goldman: Pwned?

Ga eens 3 postings terug.

quote:

Op maandag 6 juli 2009 08:22 schreef Drugshond het volgende:

[..]

Ga eens 3 postings terug.

Oh, oeps! Werd net wakker

Wat eraan vooraf ging...

The end of Data Transparency at NYSE

The NYSE has announced the end of Daily Program Trading Report (DPTR). As of July 14th, the NYSE will no longer be releasing real unmodified data. According to ZeroHedge, one of the web’s single most accurate Blogs on Financial Markets, the NYSE has chosen to remove the transparency into all financial transactions happening in the Market.


"The Exchange has filed with the SEC to implement the decommissioning of the DPTRrequirement following the July 10, 2009 trade date. Accordingly, the last required submission of the DPTR will be on July 14, 2009, which is the second business day after the last trade date for which the DPTR is required."

According to Zerohedge, this is in partial response to their reporting of the activities of Goldman Sacs which has of late captured all of the Program trading on the market. This essentially means that each investment bank will be able to sell an asset back and forth raising the price every time until it can find a poor sucker to buy up the investment at that higher price. This amounts to an artificial inflation of an asset, and woe to the poor entity that buys up that asset. And now there will be no way to track it. Welcome to the new land of the unregulated bubble.

Also from the NYSE’s memo:

“In addition, in connection with the decommissioning of the DPTR, the Exchange will not be implementing the proposed redefined program trading account type indicators (J and K) and will continue to use the existing J and K audit trail account types. Upon further analysis and based on industry input, the Exchange has determined that these redefined account type indicators do not enhance the regulatory audit trail because the proposed redefined J and K could subsume some of the other, more granular account type indicators that the Exchange currently receives. Accordingly, the Exchange has determined not to redefine the J and K account types in the manner previously proposed, and is instead leaving the J and K account-type definitions unchanged.”

The translation from Zerohedge:

“Basically this is the beginning of the end of unmodified data transparency. Going forward the NYSE will provide whatever data it feels comfortable, after sufficient internal "audits," and media outlets such as Zero Hedge, which had presented its millions of readers the only data point about Goldman's complete encroachment of not only NYSE but Program Trading, will be henceforth unreliable and likely will present no useful information at all.”

So much for the Obama Administrations pledge of Transparency. Welcome to the land of Obama, where the government tells you what to buy, when to buy, whom you can buy it from, and at what price. So much for any rights of freedom at all. So much for freedom of the Markets. Welcome instead to Obamanomics, and the Obama run SEC.
--------------------------------
Juist 14 juli pas......en GS doet nu al niet meer mee. Fricking wierd.

Ik wou net iets van dezelfde strekking gaan typen, maar hier staat het:

quote:

Op maandag 6 juli 2009 08:32 schreef Drugshond het volgende:
So much for the Obama Administrations pledge of Transparency. Welcome to the land of Obama, where the government tells you what to buy, when to buy, whom you can buy it from, and at what price. So much for any rights of freedom at all. So much for freedom of the Markets. Welcome instead to Obamanomics, and the Obama run SEC.

Hebben wij in europa dan wel als burgers inzichten in de grootscheepse handel die in europa plaatsvind op de beurzen?

Taibbi’s Scream: Stop the political system that lets Goldman Sachs and others run roughshod over society

quote:

In Matt Taibbi’s vivid and provocative new article in Rolling Stone, “The Great American Bubble Machine,” the man absolutely screams. Evoking the image in Edvard Munch’s famous Norwegian painting, Taibbi sounds the alarm to American readers as he explores the sordid story of Goldman Sachs and Co. Tracing 90 years of political and market history, Taibbi colorfully describes the firm headquartered at 85 Broad Street as: “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

Such evocative imagery will surely be discounted by some as hysterical or exaggerated, particularly by those whose senses are deadened by the business press or CNBC-style babble. Rather than engage in a dissection of the details, I would like to explore why Taibbi is screaming and ask why he is screaming for all of us in a way we are not seeing elsewhere in the media. In addition to screaming for us, I wonder whether he is also screaming at us. One thing is certain: he is screaming in a way that a healthy press would do in a hysterical time. Goldman Sachs’ uncontested success blurring the boundaries between market and state is symbolic of a tremendous malfunction in finance, politics and civil society. That the firm is well-managed by all measures and that some fine, well-meaning individuals work there is beside the point. Taibbi is telling us that the rules are rigged. That we are being abused.

...

We are amidst a crisis of political legitimacy. The leaders of our complex financial firms have failed. They have failed as stewards of our nation’s future. They have failed as protectors of our public Treasury. Now, with trillions guaranteed, hundreds of billions of bailouts paid, and very little in the way of investigation, firings, or prosecution of the perpetrators, we are all being asked to calm down, move on, and stop acting like populists (a pejorative term when used by elite media or financiers). In the mean time, the perpetrators of this disaster confidently pay their political soldiers for another round of lobbying/campaign contribution money.

...

Feeling Taibbi’s outrage will help us refuse to be lied to by the experts in media, politics and finance. It will help us see through them when they pretend that they have not let us down or play the same old dysfunctional political patronage game to insure that things do not change. It will help us force them to give up some of their advantage to restore some balance and better serve the American people.

[ Bericht 24% gewijzigd door Perrin op 06-07-2009 09:42:16 ]

quote:

Op maandag 6 juli 2009 07:10 schreef Drugshond het volgende:

Hold on. It just got interesting

Complimenten Drugshond, zo wordt het nog wat met het topic, ik ben aan het bijlezen!

quote:

The Great Goldman Black Box Heist
Posted by Paul Murphy on Jul 06 09:53.

There’s a film in here somewhere.

Straight-to-DVD, perhaps. But a film nevertheless.

Sergey Aleynikov, a Russian computer programmer, living in New Jersey and who previously worked for Goldman Sachs, has been nicked by the FBI after allegedly stealing a batch of proprietary programme trading code from his former employer. According to the FBI’s affidavit, the code — 32MBs — was transferred from Aleynikov’s Goldman computer to an unnamed file-hosting service based in Europe just before he resigned from his $400,000-a-year job at the beginning of June.

A new employer was promising him a three-fold salary increase to help it “engage in high-volume automated trading…”

Aleynikov appears to have been caught by his “bash history,” which the affidavit helpfully explains as:

“Bash” refers to the Unix-based operating system that the Financial Institution uses to edit and maintain the code related to the Platform and its associated programs. “Bash history” is the most recent series of commands executed by a particular bash user.

The deed was allegedly done in the space of three minutes between 5.21 and 5.24 on the afternoon of June 5.

For what it’s worth, Aleynikov told the cops that he thought he was just accessing “open source” files on which he had worked, and only later realised he had accessed more data than he realised. He’s also denying that he distributed any of Goldman’s proprietary code.

quote:

Lijkt erop dat iemand een soort meet & regeltechniek toepaste om de automatic trading van GS te bestuderen. In de hoop er iets wijzer van te worden om daar voordeel uit te halen (of iets uit de doofpot zichtbaar te maken) .

Lijkt nu meer op het stelen van de broncode. Maar de naam is dus echt.

[ Bericht 3% gewijzigd door Drugshond op 06-07-2009 11:19:24 ]

Die software wil ik ook wel Zijn er al torrents?