My favorite kind of market is the Boston.
If you’re looking for a place to blame most of the problems in America, it wouldn’t be the erosion of family values or the gays invading with their armies of cats. Rather, it’d be prudent to look toward Wall-Street, what with their worship of the dollar over morality and common sense. All that to say, another Wall Street iconoclast has bitten it.
His name is Raj Rajaratnam. He does the insider trading. And eats Happy Meals. And the dreams of smaller investors. Do any small investors actually profit from Wall Street, or through loopholes like high-volume trading, or insider trading, or secrets-for-candy trading, do they get eaten alive? Anyway, Raj had a 1.3 billion dollar net worth, but he apparently wanted more money. Take a moment to roll that around in your brain. Like, I can’t begrudge the guy’s weight too much, if I were a billionaire, I’d just grow three-foot nails and a beard, but I’d be painfully aware of how rich I was. To the point where I wouldn’t do stupid things to endanger the money that I had. The government used wire-taps, a subtle touch usually employed in cases dealing with the mob and drugs. Apparently, there’s no difference now between bankers and mobsters. Good to know.
Other people nabbed for insider trading were Mark Kurland, president of New Castle partners, ex-Bear Stearns executive Danielle Chiesi, Rajiv Goel, international super-spy, and IBM executive Robert Moffatt.
This is like a Chappelle’s show sketch, people. It’s embarrassing.
Comments
Derek
October 17th, 2009 - 5:17:02 AM
Maybe I read it wrong (upside down) but I fail to grasp what it is that this guy did... other than achieve a lifelong goal of being the Indian Michelin Man for Halloween. It read like this to me: Quasi funny, psuedosocial commentary. Then a fat joke intro followed by confusion, a little elaboration on Raj, humorous insight, and more humor. Then an irrelevant Chappelle Show reference. the question is really what'd he do? Unless of course this is an elaborate and genius hook (because now I need to know more) the article sucks.
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karl
October 19th, 2009 - 1:47:19 PM
he was found guilty for insider trading anyway, bankers have long been better mobsters than the mob ever was, it'd be good if more people realized that.
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