"CARBON trading is a crime,'' the socialists yell at climate rallies..."

[WhiskeyGirl]

"Dealing with life in the carbon trading twilight zone "

' CARBON trading is a crime,'' the socialists yell at climate rallies. To be honest, they have plenty to be wary of and they're not the only ones concerned.

As journalist Matt Taibbi wrote last year in his celebrated Rolling Stone piece on Wall Street titan Goldman Sachs, the next bubble may well be carbon credits: ''A booming trillion-dollar market that barely even exists yet … a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance.''

more here - http://www.smh.com.au/business/dealing-with-life-in-the-carbon-trading-twilight-zone-20100129-n47w.html

I wonder how much Goldman has invested in cap & trade, carbon markets, and derivatives?

HFT?  Dark Pools?