I HAVE HEARD THIS GUY
ON THE RADIO AND HE IS ON TOP OF THE FINANCIAL WORLD AND WHAT IS GOING
ON!!/D
I
told you it would start to get CRAZY this week!
Looks
like Goldman is the first to show the signs of systemic brake down of the
virtual monetary system. Apparently their Market Rigging Program went wonky
this morning and they lost over $100M in minutes!
But
no worry...they are just going to have these transactions voided!
Goldman Sachs "Working" With Exchange to Resolve
Options Trades
"Goldman
Sachs Group Inc. is working with exchanges to resolve faulty options trades
that roiled markets this morning and any losses "would not be material to
the financial condition of the firm," according to an e-mail from
spokesman David Wells."
"At
least three operators of U.S. options exchanges are reviewing trades that took
place at the beginning of the day and NYSE Amex Options said most of
the transactions may be canceled."
"A
'large number' of trades in tickers beginning with letters H through L in the
first 17 minutes are being examined by NYSE Amex Options, it said in a
statement. CBOE Holdings, the largest venue, said it is examining trades
between 9:30 and 9:41 a.m. Nasdaq OMX Group Inc. is reviewing options
transactions from 9:30 to 9:47 a.m., according to its website"
END
So
what would happen if these "problem trades" had MADE millions in
minutes for Goldman? Do you think the exchanges would have voided those
transactions? NOT A CHANCE!
My
take: Bring on the END GAME!
Interview: Bix Weir on Gold Manipulation and the Coming
Crash
May
the Road you choose be the Right Road
Bix
Weir
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