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Comment Re:Smooth Criminals (Score 4, Insightful) 244

They've been robbing their customers for years.

Their customers, who are by and large not idiots, would obviously leave them if this were the case. Yet, they do not leave. They realize the simple truth that Goldman is extremely good at what they do and that includes helping customers make money.

Just because you don't understand something doesn't make it bad.

Comment Re:Why? (Score 1) 87

Maybe to be physically close to Wall Street computers.

Which, as mentioned, are all in New Jersey.

ARCA: Weehawken, NJ (to be moved to Mahwah, NJ early next year)
NYSE: Mahwah, NJ
NASDAQ: Carteret, NJ
ISE: Jersey City, NJ (to be moved to Secaucus, NJ early next year)
Direct Edge: Secaucus, NJ
CBOE C2: Secaucus, NJ

111 8th is more important for the fiber going into it. It is the place you want to be if you're a telco.

Comment Re:there is no more excuse to steal movies (Score 1) 747

That may be an excuse to break the encryption, but it isn't an excuse not to purchase a copy.

I agree. Since many people pay for cable TV, one could argue they're well within their rights to break HDCP encryption in order to time/format shift much as one would with a VCR (which we know were affirmatively held up as being legal to record TV shows for one's own use).

Comment Re:Bosses earn too much (Score 1) 1018

I don't disagree they should get paid whats fair. Its definitely not fair that the traders get paid so much more

It depends on the firm. I'm sure there's exploitation at some of the low and mid-tier firms. The fact of the matter is that at a top firm, if you're truly talented, you will be taken care of very well. It is not unheard of for programmers to have a salary + bonus close to $400-$500k. More for senior guys.

Cream floats to the top.

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