Goldman Sachs and the May 6 Market Plunge

Discussion in 'Economy' started by CrusaderFrank, Jun 23, 2010.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I received a hard copy of an amazing, staggering, No way in Hell this can be True report, that claims that a crash of a proprietary Goldman Sachs computer called "The Beast" caused the Plunge.

    The Computer allows Goldman to actually get out in front of the trades before they're affirmed by the NYSE computers.

    The writer can be a pompous ass from time to time, but if the Website comes back up (It's been down the last 1/2 hour) it makes for very interesting reading

    http://nickguarino.com/index.php/debt-crisis/the-beast/
     

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