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Stock Market Collapse: More Goldman Market Rigging

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Chemtrail Central > Economy

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bjane





Joined: 22 May 2007
Posts: 118
Location: ontario
Stock Market Collapse: More Goldman Market Rigging PostMon May 10, 2010 7:53 pm  Reply with quote  

Excerpt from 8 May 2010 globalresearch.ca article 'Stock Market Collapse: More Goldman Market Rigging' by Ellen Brown

    ....
    Suspicious Market Maneuverings

    ....Thursday...the U.S. stock market suddenly lost 999 points, and just as suddenly recovered two-thirds of that loss. It appeared to be such a clear case of tampering that Maria Bartiromo blurted out on CNBC, “That is ridiculous. This really sounds like market manipulation to me.”

    Manipulation by whom?

    Markets can be rigged with computers using high-frequency trading programs (HFT), which now compose 70% of market trading; and Goldman Sachs is the undisputed leader in this new gaming technique. Matt Taibbi maintains that Goldman Sachs has been “engineering every market manipulation since the Great Depression.” When Goldman does not get its way, it is in a position to throw a tantrum and crash the market. It can do this with automated market making technologies like the one invented by Max Keiser, which he claims is now being used to turbocharge market manipulation.....


http://www.globalresearch.ca/index.php?context=va&aid=19051
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