Max Keiser – journalist, former Wall Street broker and options trader, and inventor of the software which is now being used for high frequency trading – claims that the big banks retroactively allocate losing trades to their clients, and keep the winning trades for their own proprietary trading desks:
Keiser Report: Goldman Sachs, Undeclared Enemy of the State
Added: 25. May 2010
This is the second time in the couple of weeks that Keiser has made this allegation. When he first brought this up, Keiser said that he has first-hand knowledge of this unlawful activity because – when he was a trader – he and everyone else did the same thing.
Submitted by George Washington on 05/27/2010 17:08 -0500
Source: ZeroHedge
More on Goldman Sachs ‘doing God’s work’:
– Stock Market Collapse: More Goldman Sachs Market Rigging?!
– Goldman Sachs Bankster Blankfein Supports Financial Reform Bill
– Goldman Sachs Banksters ‘Made Fortune Betting Against Clients’
– Goldman Sachs taps President Obama’s former White House counsel, Gregory Craig
– President Obama Repaying His Masters At Goldman Sachs
– Goldman Sachs Banksters Implicated in Shorting Lehman Shares
– Perfect Timing: Goldman Sachs Set to Pay £3.5 Billion in Bonuses For Just 3 Months’ Work!
– SEC Accuses Goldman Sachs of Civil Fraud
– Goldman Sachs Squeezes Hedge Funds in $110 Billion ‘Collateral Arbitrage’
– Banksters Bet Greece Defaults on Debt They Helped Hide
– Secret AIG Document Shows That Goldman Sachs Minted Most Toxic CDOs
– Here Comes The Next Bubble: Carbon Trading
– Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt
– The CDS Puppetmaster Behind It All And The Ever Increasing Parallels Between AIG And Greece
– The Illuminati Banksters: JPMorgan vs. Goldman Sachs
– Secret Banking Cabal Emerges From AIG Shadows
– America’s Impending Master Class Dictatorship!
– Ron Paul on FOX NEWS: Wall Street Bailout FRAUD
– The No.1 Trend Forecaster Gerald Celente: Financial Mafia Controlling US and Wall Street
– How Goldman Sachs Made Tens Of Billions From The Economic Collapse Of America In Four Easy Steps
– Goldman Sachs: Investors Could Only Lose in Offshore Deals
– Goldman Sachs: Betting Against All of Us
– Chinese firm says won’t pay Goldman Sachs on options losses!
– Goldman Sachs Banksters Arming Themselves With Pistols Against Public
– Goldman Sachs CEO Lloyd Blankfein: I’m doing ‘God’s work’
– Wall Street Banksters To Pay $30 Billion Record Bonuses In 2009
– Absolute Perfection: Goldman Sachs Loses Money On Just One Trading Day In Q3
– Goldman Sachs: Trading Perfection And Statistical Improbabilities
– Goldman Sachs Takes On New Role: Taking Away People’s Homes
– New York Fed’s Secret Choice to Pay for AIG Swaps Squandered Billions of Taxpayer Money:
…and remember who got the bailout money back then:
– AIG Discloses Counterparties as Obama, Cuomo Assail Bonuses:
This time the bailout money from the U.S. taxpayer went to:
Goldman Sachs led beneficiaries, with $12.9 billion, followed by SocGen, France’s No. 3 bank, with $11.9 billion, and Deutsche Bank, Germany’s biggest lender, with $11.8 billion. Barclays Plc received $8.5 billion from AIG, Merrill Lynch & Co. got $6.8 billion, Bank of America Corp. got $5.2 billion and UBS AG got $5 billion.
– US taxpayers pay Goldman Sachs for Swaps on Nonexistent Bonds
– The Goldman Sachs Bankster Casino – Where The Hell Is The Outrage?
– On the Edge with Max Keiser (09/04/09): The Banksters have free reign in America
– Goldman Sachs Loses Grip on Its Doomsday Machine
– Goldman Sachs Code Theft BOMBSHELL?
– Goldman Sachs Market Manipulation Dominance at Risk by Theft
– New Secrecy Rule Lets Goldman Sachs Control Stock Prices Unmolested by Public Scrutiny