Wall Street are as thick as “insider traders” with a little help from the big house. The New York Times cites
a tragicomedy in this morning’s news that’s “fit to tint” – even though there has been a heightened focus on the insidious practice of insider trading and a very public attempt to crack down by authorities, there are still many clandestine and lucrative means of achieving the short cut to the ‘Gates of Mycenae‘. Really?
Surely, that can’t be for cascaded down from the highest house of the land, the law and its merry makers (Congressmen) pursue these high/low life pliers of ill-gotten gains from this illicit practice? We’ve read about
it and the daily news says Congress is hard at work routing out the cancer that’s been metastasizing throughout
the tottering ‘free market’ edifice.
Apparently not and it likely never will subside. Why? First, the pay-off (till your caught) is too tempting and secondly it pays off – as we (muppets) learned recently – if you are a Congressman: you are immune by the law
of the land and can insider trade without fault. It’s in the law!
So puh-leaze, “get off your horse, and drink your constitution” for until we crack open the ribs of Congress and purloin this farce you will always have a chronic insider trading problem as it gives license for it. Don’t forget, Wall Street might be where the money is, but the beltway is where all the power is, and it’s being wielded by hundreds of prolific insider traders. Through the smoke choices emerge – just ask your local well-heeled Congressman.