Paragons of Wall Street
To fix this sort of problem--Raj goes to jail for a while
"When the integrity of the marketplace is called into question, the public suffers," U.S. District Judge Richard J. Holwell said. He fined Rajaratnam $10 million, saying his "crimes and the scope of his crimes reflect a virus in our business culture that needs to be eradicated."
Michael Milken, T. Boone Pickens, Carl Icahn, Nelson Peltz, Ron Perelman, these are just a few of the 'paragons of Wall Street'. I say we can, and should consider better options, better ethics, and better vigilance for the future of the markets.
Oh wait...I forgot, Martha Stewart and all that fuss--
Martha went to jail for a while, but did it stop this sort of chicanery? Apparently not. And we as 'Mericans seem to have a very short national memory for this sort of thing.
Wayne M. Carlin, Regional Director of the Commission's Northeast Regional Office, said: "The Commission simply cannot allow corporate executives or industry professionals to profit illegally from their access to nonpublic information. The coordinated action announced today by the U.S. Attorney's Office shows that the consequences for those individuals will be even greater if we uncover evidence that they obstructed our investigation."
It does matter when someone steals from you. It does matter when you must give a handout of your income against (your will and) future income. It does matter that Wall Street be held to (pun intended) account for this financial depression that is gutting the engine of the economy at this time.
When you steal you go to jail, you don't get a better job stealing more do you? A change of ideology and culture needs to take place on Wall Street, but first it needs to be exposed with some harsh light.
"I can haz golden parachute"
"When the integrity of the marketplace is called into question, the public suffers," U.S. District Judge Richard J. Holwell said. He fined Rajaratnam $10 million, saying his "crimes and the scope of his crimes reflect a virus in our business culture that needs to be eradicated."
Michael Milken, T. Boone Pickens, Carl Icahn, Nelson Peltz, Ron Perelman, these are just a few of the 'paragons of Wall Street'. I say we can, and should consider better options, better ethics, and better vigilance for the future of the markets.
Oh wait...I forgot, Martha Stewart and all that fuss--
Martha went to jail for a while, but did it stop this sort of chicanery? Apparently not. And we as 'Mericans seem to have a very short national memory for this sort of thing.
Wayne M. Carlin, Regional Director of the Commission's Northeast Regional Office, said: "The Commission simply cannot allow corporate executives or industry professionals to profit illegally from their access to nonpublic information. The coordinated action announced today by the U.S. Attorney's Office shows that the consequences for those individuals will be even greater if we uncover evidence that they obstructed our investigation."
It does matter when someone steals from you. It does matter when you must give a handout of your income against (your will and) future income. It does matter that Wall Street be held to (pun intended) account for this financial depression that is gutting the engine of the economy at this time.
When you steal you go to jail, you don't get a better job stealing more do you? A change of ideology and culture needs to take place on Wall Street, but first it needs to be exposed with some harsh light.
"I can haz golden parachute"