Raj Rajaratnam has been caught insider dealing. No surprise. When I spoke to him, and to a great number of other investors when I used to live in the States, they took me to be a fellow potential scamster, or at least fellow Indian who ought to be taught the ropes.
They revealed to me a way to make money, that was not technically illegal at the time, but sure was if one looked at the spirit of securities laws.
I did not enter the charmed circle - I was brought up by old fashioned parents, grandparents and Jesuits. I also put an embargo on any companies of which I was on the board doing business with the charmed circle. More fool me, or perhaps I too would have been worth a large fortune, as opposed to a small fortune.
But, I am glad they got him. And I hope they get the rest, Indian, American, White, Yellow or Black. It is bad enough that financiers rob us blind; worse that all who should know condone illegality. Because they all do know. Mr. Geithner, given his years sucking up to the street does know.
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