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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (26449)	4/2/1999 9:15:00 PM
From: ayn rand	Read Replies (1) \| Respond to of 122087

While I wait for our pizza to arrive, here is an excerpt from a book that I'm sure many here are already familiar with and have read long ago. It's a first read for me: "Even now it is hard to grasp the magnitude and the scope of the crime that unfolded, beginning in the mid 1970s, in the nations markets and financial institutions . It dwarfs any comparable financial crime from the Great Train Robbery to the stock manipulation schemes that gave rise to the nations securities laws in the first place. The magnitude of the illegal gains was so large as to be incomprehensible to most laymen. Dennis Levine, the small fish, confessed to $12.6 million in insider trading profits. Ivan Boesky agreed to pay $100 million in forfeitures and penalties; no one pretends now that that's anywhere near the total of his illegal gains over the years. And then there is Michael Milken, whose crimes were far more complex, imaginative, and ambitious than mere insider trading. In 1986, Milken earned $550 million in salary and bonus alone from an enterprise that had been tainted with illegal activity for years. When he finally admitted to 6 felonies, he agreed to pay $600 million --- an amount larger than the entire yearly budget of the SEC!"