dimelab dimelab: shrinking the gap between talk and action.

Patent Topic in The Credit Debacle Catalog

IBM Files Patent (1); Keiser's patent shows (1); Patent 7062500 (1); patent garbage running (1); Patent Program (1); U. S. patent (1).

Tue 2010-04-27 08:27 EDT

Web of Debt - COMPUTERIZED FRONT RUNNING: ANOTHER GOLDMAN-DOMINATED FRAUD

While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs...Wall Street commentator Max Keiser...claims to have invented one of the most widely used programs for doing the rigging. Not that that's what he meant to invent. His patented program was designed to take the manipulation out of markets. It would do this by matching buyers with sellers automatically, eliminating ``front running'' -- brokers buying or selling ahead of large orders coming in from their clients. The computer program was intended to remove the conflict of interest that exists when brokers who match buyers with sellers are also selling from their own accounts. But the program fell into the wrong hands and became the prototype for automated trading programs that actually facilitate front running...Keiser and HSX co-founder Michael Burns applied for a patent for a ``computer-implemented securities trading system with a virtual specialist function'' in 1996, and U.S. patent no. 5960176 was awarded in 1999...The listing for Keiser's patent shows that it has been referenced by 132 others involving automated program trading or HFT...

Computerized Front Running; debt; Goldman-dominated fraud; Web.

naked capitalism Tue 2009-09-01 19:06 EDT

More Bogus Bailout Reporting: ``As Big Banks Repay Bailout Money, U.S. Sees a Profit''

Clearly, the spin is in...The fact that we have such patent garbage running as a front page New York Times story says either the reporter and his editors lack the ability to think critically (or find sources who could do that for them) or that we have a controlled press. Bogus NYT reporting.

Big Banks Repay Bailout Money; Bogus Bailout Reporting; naked capitalism; profits; U.S. Sees.

Tue 2009-04-21 00:00 EDT

Mish's Global Economic Trend Analysis: IBM Files Patent for System that Calculates How to Offshore Jobs While Maximizing Tax Breaks

Calculated; IBM Files Patent; Maximizing Tax Breaks; Mish's Global Economic Trend Analysis; offshoring jobs; Systems.

Tue 2008-03-18 00:00 EDT

Techniques For Defining, Using And Manipulating Rights Management Data Structures

US Patent 7062500: 707/102; Intertrust

defines; Manipulating Rights Management Data Structures; technique; use.