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Computerized Front Running: Another Goldman-Dominated Fraud

By Implode-Explode Heavy Industries

``"[A]s the market keeps going up day in and day out, regardless of the deteriorating economic conditions, it is just these HFT's that determine the overall market direction, usually without fundamental or technical reason. And based on a few lines of code, retail investors get suckered into a rising market that has nothing to do with green shoots or some Chinese firms buying a few hundred extra Intel servers: HFTs are merely perpetuating the same ponzi market mythology last seen in the Madoff case, but on a massively larger scale."''

Full post as published by Mortgage Lender Implode-o-Meter on April 27, 2010 (boomark / email).