Sign up for a free subscription to Phil’s Stock World Report, click here!
Bloomberg is coming down hard on Goldman
Courtesy of Edward Harrison at Credit Writedowns
The video linked below is a must-see piece of journalistic skepticism. The duo at Bloomberg News are discussing the recent alleged theft of trading code by a former Goldman employee Sergey Aleynikov who moved to a hedge fund called Citadel. Their commentary is incredulous. Their tone seems to ask: “Is the Government working for Goldman now?”
Here are a few gems:
- “What is Goldman Sachs doing with this trading code that could manipulate the markets?”
- “And Goldman got on the phone to the Justice Department and got them so fast to nail this guy, it’s almost – you wonder if they have a red line to the government.”
- “It is amazing within one day of Goldman calling they had FBI agents at his driveway doing surveillance. The next day they arrested him…”
- “It’s interesting that the prosecutor from the testimony that I’ve read, it almost sounds as if he’s working at Goldman Sachs.”
Goldman Sachs Loses Grip on Its Doomsday Machine: Jonathan Weil – Bloomberg
*****
P.S. Here’s the video – Ilene
In-Depth Look – Stealing Secrets from Goldman Sachs – Bloomberg
