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Prosecutors Request Closed Courtroom For Goldman HFT Programmer's Trial
dave562 writes "Goldman Sachs' lawyers have asked the Federal judge to seal the court room during the trial of Sergey Aleynikov. Aleynikov was one of the programmers who developed Goldman's High Frequency Trading (HFT) programs. What does this say about the state of the financial industry? Given the problems HFT seems to have caused over the last few years, shouldn't more light be shined into the dark corners of how it works?"
Please can we keep the nonsensical rhetoric down just a little, the investment banks didn't cause the current clusterfuck as you so aptly put it, the policy of pushing people into owning homes they couldn't afford on the basis that they government in the form of Fannie Mae and Freddie Mac would back those loans put us in the current situation. You want someone to put in jail? Have a little chat with Barny Frank, but leave the stupid evil bankers are the cause of all the wrong in the world crap outside. I'm not saying investment bankers are paragons of virtue, but anyone who doesn't understand that it was people not paying mortgages they couldn't afford that were offered to them because of government policies designed to increase low income home ownership, regardless of whether of not they could really afford those home is the one whose lips are chapped from smoking something too hard.
If you want to argue a point, then produce some evidence and act like a civilized person, if you want to be an anonymous coward and call me names I can play that game too, your call.
-jon
Also, you ignore that our court system NEEDS to be open except for very specific reasons. Keeping "source code" secret isn't one of them. Especially if the source code is part of the prosecution for whatever "crime" was committed.
Preserving trade secrets is one of those "very specific reasons".
The shill speaks. So much for transparency.
The mind conceives, the body achieves, the spirit manifests.