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May 22, 2013
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 Billionaire Arrested for Alleged Insider TradingPosted on Oct 17, 2009
Billionaire hedge fund founder Raj Rajaratnam was arrested Friday and charged with running the largest hedge fund insider-trading scheme in history. Charged with Rajaratnam, founder of Galleon Group, were executives of several prestigious U.S. companies.
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By DBM, October 19, 2009 at 7:20 pm Link to this comment
The racist element did immediately occur to me too but I was able to put it out of my mind immediately at least one rich crook is going down if not a WASP. I guess he was the only perp-walk to photograph but it will be interesting to see who “executives from some of the most prestigious U.S. companies” turns out to be.
I strongly suspect that Goldman Sachs will not turn out to be one of those prestigious companies!
Report thisBy surfnow, October 18, 2009 at 7:28 am Link to this comment
(Unregistered commenter)
And nothing much will happen to this ruthless robber baron whose crimes negatively impact thousands; but be caught with a pot plant in your house and do ten years in prison. Our justice system is so perverse.
Report thisBy Ouroborus, October 18, 2009 at 4:56 am Link to this comment
What? No WASPS? As others have noted; this isn’t even
Report thismildly surprising. I’m sure Madoff’s major screwup was
making the SEC out for the dupes they are. Raj
Rajaratnam’s mistake was thinking he could play with
the big dogs. Where’s my popcorn and beer?
By bachu, October 18, 2009 at 1:49 am Link to this comment
(Unregistered commenter)
It is not all bad news. Here is some evidence that some Asians are getting a shot at diving up the spoils pie. Why should all the spoils go to members of the same community all the time. Raja’s main fault was that he crossed the foreign policy establishment line by supporting the Tamil Tigers. Other than that his record is sound and other Asians can take heart that finally they can also have piece of the pie.
Free Raja!
Report thisBy Folktruther, October 17, 2009 at 4:58 pm Link to this comment
Doublestandards, Psmith, and I all immediately thought the same thing. Notice that truthdig did not, and that it is a Prog media outlet. It is why the American people are so racist; the racism is implicit in BOTH the Con and Prog media. It is unstated, concealed in an Objective account of a non-routine arrest.
Unless the American people have a media that leads them to think in a peoplist way that serves their own interests, they will never resist the US power structure that imposes racist policies, as both Bush and Obama do. The parties are both bought and paid for by the plutocaracy. But it is the truth industries, the lerned and mass media and other truth organs, that instill the values and truth assertions that the amerian people identify with emotionally.
the US will never have a party or mass movement that repreents its common interests until it can develop a truth media with the values clower to the td commenters than to td. And this requires not only money, but fighting as well the US intelligence and police agencies that consist now of two hundred thousand secret operatives. this is a historical task and till it is done, the US will continue to sink into barbarism.
Report thisBy Folktruther, October 17, 2009 at 11:26 am Link to this comment
Raj has been arrested for a very serious offense, trading stocks while being non-White. It is true that making 20 million dollars over several years is chicken feed to traders, who make a billiion dollars in a few hours, but if you can’t oppresse the non-Whie Foreigners in the US, who can you oppress? and if he doesn’t like it, he can go back where he came from. As soon as he gets out of prison, if ever.
Lucky we have Obama in power, those Gops are really racist.
Report thisBy doublestandards/glasshouses, October 17, 2009 at 9:54 am Link to this comment
(Unregistered commenter)
Of course it is easier for the FBI to arrest a guy with
Report thisa name like “Raj Rajaratnam” rather than “Summers”,
“Geithner”, “Paulson”, or “Lewis”.