Monday, July 06, 2009

Talk About "Double Standards"...

Ticker discovers what "double standard" REALLY means.

Goldman Sachs Group Inc. may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said --quoting Bloomberg News.

Well of course. That's what these sorts of cases are usually about. Someone misappropriates some trade secret material and by using it they would give someone the same advantages in a marketplace that the rightful owner (who spent plenty to develop it) has.

But that's not market manipulation, is it?

Put another way (as Ticker does): when Goldman Sachs uses the tool to 'have advantages' in the market, that's OK because they developed the tool.

When someone ELSE uses the tool to 'have advantages' in the market, .........that's NOT OK, because.......ah........uhhhnnnhhhnn...........

Got it.

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