“.. a danger somebody who knew how to use this program could… manipulate[stock] markets.” Wall Street greed?
By Kevin “Coach” Collins
Is this the same “greedy” Wall Street Democrats ALWAYS condemn, but NOW want us to trust with Cap and Trade ?
Last Friday federal agents arrested a former Goldman Sachs employee charging him with improper access to trading information.
Why has this information been buried?
Sergey Aleynikov was taken into custody two days after Goldman Sachs informed the government he had stolen the firm’s rapid-fire, stock- and commodities-trading software in early June. Investigation reveals Aleynikov sent the program to a German web site. So far this sounds like mundane industrial espionage of little meaning for the rest of us; but there might be much more to this story.
Can we trust Wall Street with a program like this?
At Aleynikov’s bail hearing a US Attorney made a bombshell comment, “….there is a danger that somebody who knew how to use this program could use it to manipulate [stock] markets in unfair ways.”
Even with no further comment from the government this remark raises serious questions: If a person not authorized to use the program could “manipulate markets in unfair ways” why couldn’t/wouldn’t Goldman Sachs manipulate the markets for its own gain?
If this program can do these things, has Goldman Sachs been playing the markets with “tomorrow’s newspaper” under its arm?
Will the fact that Goldman Sachs has been a longtime cash cow for the Democrats (going back to the days when Jon Corzine was in charge) mean there’ll be no wider investigation of the possibilities this presents?
If so where does that leave us, the small honest investor?
The implication of the possibilities of such a program, seem to be that once again the little guys are falling prey to another big Wall Street firm.
Is this the Wall Street we are supposed to trust with “Cap and Trade?”
One of the lesser discussed reasons for killing Cap and Trade is the “Trade” part which means Wall Street will line its pockets by trading energy credits like any other commodity. The same people who have all but called these Wall Street firms “capitalistic running dogs” now want to hand them our future.
Can anyone believe Goldman Sachs had this power and didn’t use it? Can we believe Aleynikov stole this program because it was “just another program he thought would be neat to have?”
This guy wasn’t taking this chance for a simple computer program. He KNOWS what it is capable of doing. He probably ran it for them.
In today’s world we can’t relax for a minute. We are under attack from all fronts because this is the Marxists’ plan. Our enemies never sleep; we can never sleep or we will wake up as slaves of the state.
Get informed and stay informed because America needs you and me and all patriots.
Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com