Forum Post: Here are the 'FACTS' about how Wall Street Scammed the World!
Posted 13 years ago on Oct. 19, 2011, 11:31 a.m. EST by Marlow
(1141)
This content is user submitted and not an official statement
For those who DON'T know by now..many OnLine Investors are working hard to keep the facts out there that have been distorted, or simply omitted by the Media in the pockets of the wealthy 1%.. this has Been ignored by the SEC and the DOJ...
..F a c t ~ the current Trading Program installed by Goldman Sachs (GS) in 2007.. Is an Exclusive Software that only a few Elite Money Baggers are privy to it's ability to Abuse the Market and all Retail Traders.
..F a c t ~ That program allows them to see All our Limit orders.. (even the market orders first, seconds before we see the trend change..) that we cannot see in any book or platform Views. Means.. We are not seeing the Actual Current Levels when we place an order on the Bid or Ask.
..F a c t ~ They can trade in fractions of a cent..(*) Above a Buck, which is Illegal!! We cannot, as we are forced to follow rules that they don't have to! Means.. they can keep you from Selling on the Ask, and Buying on the bid..Or Trading at All!!
..F a c t ~ They can control what we see so easily, that they can show nothing but ask orders, and hardly any bids.. making us believe, we Better SELL!!.. 'Painting the Tape'... (again illegal)
..F a c t ~ They use this Trading Program with all of the above amenities, and trade in the Same levels, Inter-trading..Between each other.. and it's SO United.. in our Face..'COLLUSION'! Means.. they should ALL be In a Penitentiary! Under Lock and Key and fined out of Business!
..F a c t ~ They can flash trade you out of your shares within a millisecond of you placing an order, sell it and buy some other unsuspecting retail Stop shares.. Before you ever see your trade Confirmation!!!
..F a c t ~ If We don't stop this, fight for what is left of this Economic Free Market, we will never see a 'Recovery', or facsimile there of. Just the 1% Wealthy Syndicate shoving our rights down our throats while we Beg for jobs, food, Shelter.. or our Lives!
Take a Stand, and, Not just keep TAKING IT!
The 1% are betting against us.
*: There used to be a Rule set in place for nearly 70 years along with the UTR. But somewhere along the line, that rule was ignored when the N Y S E installed the new Trading Program, and it simply disappeared without comment.
(This post Circulates on the Finance Message Boards every 3 months, posted by many who are trying to educate the New Investors . It began it's first circulation in June, 2008... and nothing has changed since!)
so what do we do? how about this?
Here's how we can easily Reform Wall Street: Take away their powers "Once Again." And a Million People March to Capitol Hill will help get it done!
For example, "We are here Congress because we want you to REINSTATE the Glass-Steagall Act of 1933 http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wX which was created to help save our country from the Great Depression by preventing investment companies, banks, and insurance companies from merging and becoming large brokerage firms; instead of just being Banks and Insurance companies--Congress why can't you learn a history lesson from 1929? Btw, why did most of you vote for most of it's repeal in 1999? http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act (2nd story here)
Think about where we are now, it all started in 1999 with lawmakers like Senator Phil Gramm who helped create legal gambling casinos for our banks: CNN's The Ten Most Responsible for Economy Collapse: http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related
Furthermore, we also want you to CHANGE the Commodities Future Modernization Act of 2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 BACK to where it was before 2000, which since has deregulated energy markets and consequently allowed for such scams as The Enron Loophole; whereas in the early 2000's Enron Corp. was charging 250 bucks plus for a kilowatt hour...They all when to jail for this. But, the Enron loophole is still not closed, for example, allowing speculators to resell barrels of oil over and over again before it reaches the gas station owner. It's basically legal gambling at our expense. What were those lawmakers thinking then? What are you thinking now? Either do the right thing, or you're part of the 1%."
So why are oil prices high? The Enron Loophole. Former head of U.S. Commodity Futures Trading Commission speaks to Congress on the high price of oil--and he's not happy about energy deregulations:
http://www.youtube.com/watch?v=zbdtTGYQBMU&feature=related
http://www.youtube.com/watch?v=PNp0y0SjOkY&feature=related
Rolling Stones Reporter: Truth about Goldman Sachs--how they have cornered the markets--basically, The Enron Loophole and the shattering of Glass-Steagall Act in 1999. http://www.youtube.com/watch?v=waL5UxScgUw
Let's get focused and bring back Glass-Steagall Act of 1933, they got it right 1933, we don't need to REINVENT the wheel because bringing this Act back will help create an even playing field once again....and let's finally Close the Enron Loophole, which allowed Enron to charge what they wanted for energy; they went to jail for this; but no one closed the loophole, why? Re-election Monies from the big brokerage firms and oil companies! The writing is on the wall.
Woot!! I love the ring of truth. Ever listen to a 1 once .999 pure silver coin hit the ground? Thats what the ring of truth sounds like. Great reply Howtodoit. I love your energy.
We need sound money policies again. Glass Steagall is clearly a key component of that.
Thanks for that Woot!! had to look it up, new to bloging, Wow, Woot to you! Let's spread the word on how to do it! Been studying this stuff since 2008, OWS is a dream come true! Finally!
Wow!.. Love this reply!....
thanks.The next step is the Million People March to Capitol Hill to take back our goverment from Wall Street $. Spread the word. Let's make it the 2012 Wookstock Reform of Wallk Street! Power to us, we can and will get it done: shut down these legal gambling casinos which use our $
This is the 'Fact' Topic that shows the Corperate Greed of Wall Street Taking Control of the Feeds from the Exchanges in order to rob those individual Retail Online Investors that no longer want to have the Crooks Trade their Money.. and abuse those individuals that have accounts in their Banks.. But there's a Whole lot more to this... It's about Controling the American Economy.. thru the Almighty Blue Chip!
Here is a link to the Truth about what is going on and no one is stopping this .. but we ARE Trying! http://investors4justice.net/boards/?z=1238
then google 'The Peition' Stop the Corruption on Wall Street, and sign that on Line. Marlow
Guys who posted here... Well Done! Seems we know what's up, and keep those Links and Research Data Coming! .. you can also Post on My Website Message Board.. http://investors4justice.net/boards/
It's a non Profit site.. free to Reg. and SECURE!
( i am using my Board now to Highlight the Fight for Justice wi the #ows Press)
Nice post Marlow ...High Frequency Trading Algorithms...
"High Frequency Minutes": HFT Explained In 6 Short Video Clips
http://www.zerohedge.com/news/high-frequency-minutes-hft-explained-6-short-video-clips
There should be more posts on this subject, for sure. Well met!
See: www.Investors4Justice.net
Google: Stop the Corruption on Wall Street... open the first link, and sign.
Monetizingdiscontent ...(supporter ID) posted this Link.. and it is THE Best link regarding support of Getting GS Spotlighted for their Crimes! http://www.rawstory.com/rs/2011/10/23/goldman-sachs-withdraws-from-credit-union-funding-thanks-to-occupy-wall-st/#.TqVszOLvIas.twitter
GS is Getting Antsy.... well, Be Afraid GS.. Be Very Afraid!
I would love to see Goldman's trading program. Sergey Aleynikov, who worked at Goldman and tried to abscond with their trading algorithm software when he left the firm, was captured by the FBI in record time, indicted and is now in jail. If the public ever found out the contents of the program, there in all probability would be pitchforks in the streets.
Computers and simple software algorithms are replacing and mimicking the old ‘pump and dump’ techniques, which unethical stock analysts had previously carried out verbally or in writing. In the wake of the dot com bubble, those abuses were exposed for all to see. Now analysts are required to disclose when they have a stake in a company they are touting. One door had closed, but another door opened. High-frequency algorithmic computer traders are faceless and do not have to disclose anything. They can cheat and steal through market manipulation with impunity. No one is watching, certainly not the SEC, and no one seems to care. That's why Wall Street investment banks make 70% of their profits with proprietary high-frequency trading. They make tens of millions almost every trading day and those results are statistically impossible unless you are cheating. Apparently, the SEC and the U.S. Justice Department do not see anything wrong with such impossible trading gains. There are no red flags. It all a big inside job where it is alright for investment bank traders to bilk honest investors 24/7 in our capital markets.
Well Out 'Enough'..TY .. I , along with my researchers on my Web site for Independent online retail Investors... have been able to see HOW the Program Software works .. and have encouraged other Independent On Line Investors to Unite, and trade in Unison as well.. To ALL HOLD, or to ALL Buy... and it worked for two years on SIRI Stock... We Were 'Team Reg'... over 600 who traded that stock together... and we Brought the stock Back to life....
... There are So many venues to Stop the Corruption on Wall Street.. and Capitol Hill. Each 'Venue' comes in the form of 'Protestor'!
It is unbelievable that the SEC has adamantly refused to police high-frequency algorithmic manipulative trading. The SEC is in the tank to Wall Street. Without regulatory enforcement of blatant pump-n-dump and front-running computerized trading scams, the big investment banks and hedge funds are having a field day. Yeah, Wall Street is a prime target but so is Washington DC and our so-called market watchdogs.
You need to hack, or have documents leaked from, all these illegal Wall Street firms.
And their illegal regulators.
GOING THROUGH THE REGULAR CHANNELS WILL NEVER WORK (they love that - it just gives them a chance to thwart your efforts).
True Carry, ...but you just brought up the perfect reason for the Petition circulating around the world and at the OWS Camps.. we are brightening the 'Light' around these Crook Trix, helping to expose their corruption!
This is for the 99%.. around the World! ... May we stay United, and never Waiver from our Efforts to Confront the Criminals and Root out those Responsible.
(Please sign the Petition link shown below, or just Google: 'Stop the Corruption on Wall Street' and open the first link. TY!
Stop the Corruption on Wall Street, and Sign the Petition Circulating the OWS Camps around the World..
http://www.thepetitionsite.com/8/stop-the-corruption-on-wall-street/
Thank you All for your courageous efforts.. Marlow/ editor of ...Investors4Justice.net
Bump!
Raising the 'FACTS' for today... and TY all for your comments. most are Very thought provoking
republicans vote yes on jobs bill
Finally... Some Sense of Unity...
(TY jobs)
The 'NEW RICH'.. those that graduated from Harvard and Yale.. with a NEW Kind of Math being Taught by Greedy Corporate officials in the last two decades.. Casting out 'Ethics' and 'Honor' in hopes of turning the intelligent youth into their 'Lackeys' . Teaching them that Money is Power... and We have that waiting for you when you serve the Corporate Beast Well!..
.. and Algorithmic Software for criminal Trading was born. .. and Derivatives.. Were invented for profits off of Profit!
... And no one is left with a single VALUE that once graced the Halls of our most esteemed Universities.. They are all riding the Wave of Greed.
......... TEACH YOUR CHILDREN BETTER Than THAT~~!!
another peek at the Facts... written in 2008...
When Victims become Outraged.. and DO Something about abuse, they no longer are Victims.. They are Leaders of Change.
..TY for reading the above post...
One more time......
......... Teach your Children Better than that..~~!!
When NASDAQ showed up at NYSE's door, many stockbrokers knew the life of yelling and thrusting fingers into the air were over.
indeed they were.
welcome to the new age of computers.
hope you have a degree in comp sci. the MBAs will not be the owners of wealth 20 years into the future. the geeks will inherit the earth.
took to long to reply to you.. but better late than never...
We have been fighting this Corrupt Goldman Sachs Privately Owned Trading Program running the Feeds to the Street's broker houses, and On Line Independent Retail Trading Platforms... t is Unregulated so the Crooks can create ANY View of the Trades and Fills they want.. They Can do this Because they RUN the SEC and the Fed. Reserv. And the DOJ!... All GS Cronies!
.... WE , on line investors are on the front lines and have the Best View of this Collusion!
If you want to help in Another Way, Sign the On Line Petition to Stop the Corruption on Wall Street, and the 'Hill'!
http://www.thepetitionsite.com/8/stop-the-corruption-on-wall-street/
Marlow, Editor Investors4Justice.net
..( And TY #ows Press, for the opportunity to post here)
you can download Interactive Brokers' online trading platform and run your own trading programs.
you don't need to trade a million times a second... since you probably don't have that many shares or that much capital to warrant such speeds.
again.. I am NOT talking about Level 2 trading platforms!... You have obviously NOT been paying attention.. i am talking about the Program coming OUT of the NYSE and other Exchanges...
Please.. comment after you read AND understand what i am posting about here..
Have a nice day.
It would be helpful if you would provide a description in layman's terms of how these high-frequency computer programs work to rip-off honest investors. Here is an article that explains a front-running method used by market manipulators. http://investmentwatchblog.com/the-wave/
When investors realize exactly how they are being bilked in understandable examples, it brings home the scandal in real terms. It infuriates them.
When you think about it, ripping off pennies in huge volume is a brilliant strategy, if you can get away with it like the big boys do 24/7. It is such a tiny part of each transaction that people don't even notice they are being fleeced. It's like the computerized traders are placing their own little tax on each trade.
'enough'... i have a web site that is for On Line Independent Retail Investors... it has a lot of the facts you are asking for in it.. and links provided for research . It should answer many questions.
Along with the Petition.. 'Stop the Corruption on Wall Street' That title can be googled, and the First Link will provide the site.. or....
http://www.thepetitionsite.com/8/stop-the-corruption-on-wall-street/ just open this link in another tab. It provides the ability for others who cant beat the Streets with #ows, to be a part of this Historical precipice of Change.
Marlow/ editor Investors4Justice.net We have been around for a long time, and have accomplished much towards Justice for the People.
That sounds exactly like what the money elite would do to the stock market. Siphon wealth from the masses, who have nobody to blame but themselves. Do you have any references?
crooked: oil and the commodity futures trading comm, glass steagal repeal, taft hartley act, free trade agreements, tax breaks
..Goldman Sachs.. trading Mortgage insurance, Failing to Deliver Naked short shares to the tune of 1.6 trillion, and sending profits to off shore accounts... No Independent Audits..!
We could go on and on , hunh 'Madeinusa'..!?
ICE......I have been an On line Independent Day Trader for over 9 years.. and have had a Web Site for Independent Online Traders for over 6. There have been at least 100 researchers and contributors to the site. I think i have enough research and experience to back me.
We have had over 3 Petitions that have made a difference, and i have posted about our efforts that has brought justice in some form back to the System.. What have YOU Done?
Have a nice day..
Then you should know that these programs are available for everyone, not just institutions. You say your efforts brought some justice back but your still whining. What justice have you brought back I'm curious?
Ice.. you attack me with innuendo, false assumptions, and now you wont even TRY to understand.. you seem to belong to the Greedy-Greek's who are prospering and want to stop the TRUTH from Being Exposed with ignorant SandBox posturing.
You are on the OWS Forum .. and you will fail!
I see i am getting replies from some of you that dont want the Privately owned NYSE Program to be removed, so that Fairness in Market Trades will once again bring FAIR risk and honor back to our System... Why is that?........ Hmmmmmmmmm?
You obviously don't trade the market daily. There is always risk no matter how much you do attempt to manipulate the market. Yes, it can be done to some extent but the price and trades are coming from too many places and too quickly for you to do it often and successfully.
Buy it yourself, YOU can trade on auto pilot if you wanted to also, I don't suggest it, you will lose yourself a lot of money. And two people bidding on the same stock at the same time from two separate stations is not illegal, if their were block trading and front running it would be. Everyone has access to this not just the people on Wall St.
Oh? 'Buy it myself.. First you have to have 2.5 Mil in your pocket.. second you have to be a registered Broker and or Investment Bank , Henchfund Mgr... etc. It;s NOT made available to the Average Retail Online Investor/trader.. and i think you know that.
Sterling Trader look it up, it's not 2.5mil and you don't have to be registered to trade yourself, I'm not an institutional investor, I trade my own money and do it well. Why cant you?
.."I trade my own money and do it well. Why cant you?." ___Ice
Your assumptions take away your credibility..
again, have a nice day.
anyone can write software.
but write good software??
"build a better mousetrap..."
Thank you Synonymous!... Every bit is true.. and to Ice, you arent getting it... i am Talking about the Program that works on software intended by it's designers to use ALGORITHMS for the Paid Memberships to Trade on Automatic Pilot... it is trading in Unison, it is Illegal.. it is COLLUSION!
Why would i be against our Online Investors Platforms from our Broker houses? That makes no sense.
All trading companies have proprietary trading programs to do algorithmic trading. They have direct access to the market so they can see quotes earlier than we can see it on yahoo or google. There is nothing illegal about it. That is just technology being used to trade. Anyone can get access to the market and do that if they wish to. It will not be cheap though.
These trading stations are available for everyone, learn what your talking about. I have the same thing in front of me now on Sterling. ANYONE can hide their order, ANYONE can flash trade you out. Feel free to buy the program and try to keep up
Good Example Marlow, add that to the list of scams perpetuated without recourse for the last hundred years or so...
In all seriousness, we are jealous of what the rich have, at least I am. It is one thing to dislike someone for what one does and quite another to hate one for what one is. Some rich do bad things and some rich do good things. I would like to be rich. I would like to use my MBA in an office, to work hard, to learn from a billionaire, how to be a billionaire. Wanting to get rich, does not mean that you want to harm the World, for there are many ways to get rich, by making the World a better place. We should not hate the rich, but rather seek to gain wealth and better understand the mystery of why they think and do the things they think and do.
We need to Fix The LAWS !
You don't get it yet do you? These elites are ABOVE the law.
No, I do. The laws that are inplace give them the ability to do what they do. If we correct them we can take away the advantages they have and bring them inline.
ABOVE the law tesn. Its like a gun control law, its only going to hurt the law abiding citizen, not the criminal that can disregard the law anyways.
By the time a new law gets enacted, codified, and enforced the elites would have enough finger prints all over it to make sure it never affected them.
Something has to be done. Keeping it accountable to the masses and open so all could see what is being done to correct the inequity is key to success.
Gun control to me is not an issue. I agree the only thing it does is take away guns from the law abiding citizen and does nothing against the criminal.
I was using gun control as an analogy. Financial laws are the same thing for the Elites. The ONLY people financial laws hurt are the law abiding citizens, they will not stop the elites from cheating the system