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.
I generally try to avoid conspiracy theories but more and more it appears Goldman has way too power, is a shadow government, and cares not who or what it damages in its lust for money and power. Teddy Roosevelt once broke Standard Oil up into little pieces for those very reasons. Goldman should be broken up too.
But wait, there’s more. It now appears that the Goldman code that runs this facet of their program trading was stolen by an employee who was then quickly nabbed by the FBI. Gee, it’s amazing how fast the FBI moves when their overlords demand it.
Both of these stories are from the highly reliable Zero Hedge written pseudonymous by Tyler Durden, who popped out of nowhere a little while back with serious insider information and some axes to grind. He’s ruffled plenty of feathers so far. But, given what he’s doing, maybe it’s time we knew who he is and what his part in the game is.