Bloomberg is coming down hard on Goldman
The video linked below is a must-see piece of journalistic skepticism. The duo at Bloomberg News are discussing the recent alleged theft of trading code by a former Goldman employee Sergey Aleynikov who moved to a hedge fund called Citadel Teza, a hedge fund now being sued by Citadel and founded by Misha Malyshev, who left Citadel in February. Their commentary is incredulous. Their tone seems to ask: “Is the Government working for Goldman now?”
Here are a few gems:
- “What is Goldman Sachs doing with this trading code that could manipulate the markets?”
- “And Goldman got on the phone to the Justice Department and got them so fast to nail this guy, it’s almost – you wonder if they have a red line to the government.”
- “It is amazing within one day of Goldman calling they had FBI agents at his driveway doing surveillance. The next day they arrested him…”
- “It’s interesting that the prosecutor from the testimony that I’ve read, it almost sounds as if he’s working at Goldman Sachs.”
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“It’s interesting that the prosecutor from the testimony that I’ve read, it almost sounds as if he’s working at Goldman Sachs.”
That’s because he IS working at Goldman Sachs. Any more than with AIPAC or the arms and drug industries, is there any politician or government employee that isn’t? The question is notable only for the egregious naivete.
We need more of this kind of reporting. why is it only including on blogs or ancillary sources of information that people are spooked about talking about Goldman Sachs? Matt Miller did a great job in highlighting how GS runs the game. I hope Bloomberg keeps it up.