…obviously it is. At least that’s all I can think now, based on this headline from “Planet Money,” found on the NPR.org homepage.
The awesome Laura Conaway notes, in this “Planet Money” blog post, that “In its letter, Goldman acknowledges using high-frequency trading but writes that its systems don’t see ‘client order flow.’”
I’m not sure exactly what that means, but I’m thinking Goldman is admitting guilt, even as they try to assuage it. I would know.
That’s my usual tactic when I decide that yes, I’m guilty of something, anything, but that I still deserve to defend myself.
Bad news for Goldman-Sachs: it doesn’t work.
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