The Obama administration is compiling an impressive list of prosecutions for insider trading, particularly at hedge funds. It’s important that the federal government aggressively monitor the market for signs of cheating, But it’s also important that people go to jail for creating, promoting, and selling fraudulent financial products that wind up being nearly worthless and destroying the global economy. For the last decade, at the least, Wall Street was operating like a crooked casino. I know a lot of it wasn’t technically illegal and that that makes it hard to put the criminals in prison. But I think everyone would like to see some aggressive and creative legal thinking with the purpose of getting accountability for the financial collapse. Because the truth is that every time I see an announcement about another insider trading case, I think to myself, “That’s nice, but all the really big criminals are still untouched.”
Casual Suggestion
