posted by TPR,via prorev
http://rawstory.com/08/news/2009/07/04/taibbi-nyse-ends-transparency-t...rotect-
NY STOCK EXCHANGE QUIETLY CHANGES RULES
TO ALLOW BIG TRADES TO BE SECRET
The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading - a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.
The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose Rolling Stone article on Goldman Sachs role in asset bubbles over the past century has rocked the financial world.
According to previous NYSE rules, any company that carried out program trading - essentially, large computer-automated trades worth more than $1 million - had to report the trades to the NYSE, which then made the information publicly available. . .
General