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HomeStock Act: Penalty Does NOT Fit the Crime
Posted by Larry Doyle on April 5th, 2012 7:53 AM |
America only had to wait for a 60 Minutes expose and more than half a decade to witness our elected representatives pass a meaningful piece of legislation addressing insider trading on Capitol Hill. If those two basic facts do not speak volumes as to the quality of character of those governing our nation, then let’s navigate further.
President Obama’s signing of the STOCK Act outlawing insider trading in Washington is heralded as a major achievement. If that is the case, then we are holding the bar exceptionally low.
I will grant that our nation is better off having the STOCK Act than not, but let’s hold the applause. As a further reminder that there are two sets of standards in our nation, let’s review how ‘justice’ is defined within the realm of insider trading. (more…)
Wall Street-Washington Incest and Insider Trading
Posted by Larry Doyle on November 13th, 2011 9:39 PM |
I have written about the incestuous nature of the relationship between those on Wall Street and their cronies in Washington for the last three years.
The stench of this incest is overpowering but is hopefully now becoming more public.
How uncanny that a few days ago I received the following message from a regular reader asking my opinion on the following:
Larry,
Think back to 2008/2009, with market moving events unfolding due to government action, some times over a weekend. (more…)
