Wall St Bank RAPE of Stock market
Paradigm Intel has recreated this conversation:
Between Wall St Bank CEO and their top trading strategist.
Gerald on floor of NYSE
#1 is CEO
#2 is trading strategist
#2 hello sir, we secure?
#1 yes room has been swept by the top TSCM
What have you got?
#2 Well we can manipulate the market, and
make billions maybe even a trillion in few hours.
#1 isn't that illegal, do we need the lobbyist to
get congress to change some laws?
#2 I think the lawyers can make a defensible
case we didn't break the law, and if we loose
we can rig the fine so our profit is still really huge.
#1 sounds risky, after the sub-prime gold mine
the public is still up in arms but so far unable to
#2 We can hide the entire operation, and run it
from a distance, the SEC certainly can't track it,
maybe NSA could but they won't even look.
If we don't get caught its not illegal.
#1 Yes but I don't want to add any fuel
to the hatred of the Wall St Banks, and
develop enough momentum where we
couldn't buy off congress.
#2 Not a problem sir, we can run it
from the black pools outside CONUS,
there is no regulation or over site, and
maybe not even any jurisdictional
authority, and the possibility of denying
SEC any jurisdiction.
#1 How does it work?
#2 Programed trading sir, we know
most of the competitions action points
with in a few points, and once enough
of these levels are broken programed
trading takes over, humans out of the loop.
And the programs will sell everything,
many programed to go short even.
#1 Go Short? Thats where they sell
shares they don't have, right.
#2 Yes sir, but its not limited to shares,
includes options, puts, and futures,
and even options on futures.
The leverage can be huge.
Really really huge.
#1 and the profits also really really
#2 Yes sir, as I said trillion or more in
just hours, actually min.
And the SEC can't see any of it, they
have no way to trace it, we can blame it
on a glitch. They can't prove otherwise.
#1 So we so to speak just have to tip
the scale, and trigger programmed trading
on the down side, and the computers run it
into the ground? How do we make money on
#2 Well sir we make huge bets the market
will be going down, for every point it goes down
we make millions, depending on the leverage.
At the bottom we quit selling and start buying
and double our money as we ride it back up,
to normal reasonable levels.
#1 not bad, I assume your bonus is in the
hundreds of millions?
#2 yes sir.
#1 DO IT as soon as practicable, when every thing
is set up.
#2 yes sir.
END OF FILE
#1 ok is it safe to talk about this now?
Things settled down?
#2 Yes sir, you had the room swept again?