Chapter 8 and epilogue, pages 244-271

  • Chapter eight ties up loose ends with Aleynikov’s trial and the development of his character, while leaving more questions unanswered about the motive and the trial, and the overall motive of the big players in Wall Street. The epilogue sums up the overall book, while addressing the relationship between Goldman Sachs and Alenynikov, Goldman Sachs and Brad Kaysuyama, and The HFT code and the stock market. The overarching theme of the effects of time was also addressed and summed up.
  • “how they could have gone from bringing the wrath of US prosecutors[ the FBI ] down upon Serge Aleynikov for emailing their high-frequency trading computer code to himself, to helping Brad Katsuyama change the US stock market in ways that would render Goldman’s high-frequency trading computer code worthless.
  • One thing I found interesting in chapter 8 was how many more discrepancies existed in Aleynikov’s trial, such as all of the jurors lacking experience programming computers. Also, Goldman Sachs never asked him to explain himself, and the FBI did not look for help from anyone who understood computers or HFT. I think it is also fascinating how the justice system is set in place to dig out the truth, but to have uneducated jurors and police officers and the sorts, how can they successfully dig out the truth? That presents the question of who would have control over that sort of manipulation, as well as why someone would manipulate the system in such a way. This is one problem I always thought there was with prosecuting Wall Street workers high up the social ladder and of high importance of power. So this chapter also presented the issue of how to deal with the lying and cheating and stealing that takes place in Wall Street, and I am planning on researching more before I attempt to answer that question. The motives were also questioned, such as why Goldman Sachs called the FBI, why Aleynikov stole the code and never opened it, and why Goldman Sachs would help Katsuyma change the market so that the stolen code would become worthless. And I do not have answers to those questions, and I hope to research more before I attempt to answer those questions. One thing I learned is that Wall Street and the stock market is a dangerous game, and that people need to think twice before getting involved in any way.
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One thought on “Chapter 8 and epilogue, pages 244-271

  1. I imagine the counterintuitive events have a much larger cause. When the banks crashed, for instance, few of the CEOs were punished and many kept getting large bonuses. This does’t make sense to an outsider, but after reading about it a bit it becomes clear that they would have hard time sustaining capitalism if they jailed all of them. It seems from what you wrote that the banks are just fickle and likely to act on their own best interest in any given situation, even if it looks like they are contradicting their own best interest.

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