
Episode 125 • • 42:41 - 45:06
125: Breaking News: Ted Kennedy Is Dead
Goldman Sachs Software Theft, High Frequency Trading and Market Manipulation
A New York Times article by Alex Berenson details the arrest of Ali Nikoff for allegedly stealing high-frequency trading software from Goldman Sachs. The software allows the firm to bundle and execute trades before they hit the open market, effectively manipulating the system for profit. The segment highlights that Goldman Sachs uses free TARP funds to engage in these risk-free, billion-dollar trades.
