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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (412130)	11/23/2010 12:21:29 PM
From: Giordano Bruno	1 Recommendation Respond to of 436258

Thank you for the update Myth.

To: MythMan who wrote (412130)	11/23/2010 1:24:58 PM
From: Giordano Bruno	1 Recommendation Read Replies (1) \| Respond to of 436258

Your team is getting lots of press today. Hedge Funds and Greed Why do hedge funds feel a need to cheat through insider trading? U.S. Attorney Preet Bharara, who is leading the current investigation, answered the question this way back in October: Disturbingly, many of the people who are going to such lengths to obtain inside information for a trading advantage are already among the most advantaged and privileged and wealthy insiders in modern finance. In another word: greed. I don’t care if you call it greed or the need to feel “like an orgasm” as Danielle Chiesi put it in the Galleon case; these reasons for engaging in criminal behavior remain completely unjustified. To quote U.S. Attorney Bharara one more time, material and non-public: inside information is a form of financial steroid. It is unfair: it is offensive; it is unlawful; and it puts a black mark on the entire enterprise. It just goes to show you that rich traders on Wall Street aren’t necessarily rich because they are smarter than the rest of us; they could just be better cheaters than we are. I’ve never thought that hedge-fund investing made much sense for most people, and these insider trading allegations just confirm my opinion. investingdaily.com