Taibbi: NYSE ends transparency to protect Goldman Sachs


The Raw Story

By Daniel Tencer
Published: July 4, 2009


The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading — a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.

The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose Rolling Stone article on Goldman Sachs’ role in asset bubbles over the past century has rocked the financial world.

According to previous NYSE rules, any company that carried out program trading — essentially, large computer-automated trades worth more than $1 million — had to report the trades to the NYSE, which then made the information publicly available.

But, under new regulations (PDF) published last week, that requirement has been removed.

>>>>> CLICK HERE FOR FULL ARTICLE

______________________________________________________________________________________

FAIR USE NOTICE

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of ecological, political and humanitarian significance. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Views: 71

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

Is This Story True and Have their Identities Been Changed? Part 2

 Lieutenant Bennington radioed the aircraft carrier group, “Blackjack, Blackjack, this is LZ 3031…See More
32 minutes ago
Sandy posted a video

RISE OF THE RAINBOW CHILDREN (2021)

📺AMAZON/FIRESTICK/ROKU: Thescariestmovieever.tv https://watch.thescariestmovieever.tv/webtv-v3/ 💯EMERGENCY FOOD SUPPLIES HERE (*Specials):…
19 hours ago
tjdavis posted videos
20 hours ago
Burbia posted a photo
yesterday
Less Prone favorited tjdavis's video
yesterday
Less Prone favorited tjdavis's video
yesterday
Less Prone posted photos
yesterday
Doc Vega posted a blog post

Is This Story True and Have their Identities Been Changed?

(Perhaps it’s the only way it can be told) Chapter 1Roy reached across the aisle of the DC-3 as it…See More
Monday
Doc Vega posted photos
Monday
Sandy posted videos
Sunday
cheeki kea commented on cheeki kea's photo
Sunday
cheeki kea posted a photo
Sunday
cheeki kea favorited Doc Vega's blog post A Grain of Hope
Sunday
Doc Vega posted blog posts
Saturday
Doc Vega's 7 blog posts were featured
Saturday
tjdavis's blog post was featured
Saturday
Burbia's blog post was featured

Mystery illness strikes Russia with fever, blood symptoms, and no cure in sight.

I guess releasing this bio-weapon upon Israeli neighbors would be hitting too close to home. I…See More
Saturday
Less Prone commented on Doc Vega's photo
Thumbnail

main-qimg-357a10f7111dcf87a3cc6e2afad83855

"Islam is only a phase preceding a total Talmudic rule and a new world religion."
Saturday
Less Prone commented on tjdavis's photo
Thumbnail

WWRJD

"I doubt a d-rat Jesus would be better. Much worse. “Politicians are the lowest form of life…"
Saturday
Less Prone favorited tjdavis's photo
Saturday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted