The highly suspicious downgrade of Greek debt by Moody's, as with other private ratings agencies, long suspected of being in the pocket of Wall Street, often seem to be timed.
Maria Bartiromo blurted out on CNBC, "That is ridiculous. This really sounds like market manipulation to me."
Markets can be rigged with computers using high-frequency trading programs(HFT), which now compose 70% of market trading; and Goldman Sachs is the undisputed leader in this new gaming technique. Matt Taibbi maintains that Goldman Sachs has been "engineering every market manipulation since the Great Depression."