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Thursday, May 10, 2007

Sometimes It's Nice To Be Small Fry

Wow, this story about three couples getting charged for insider trading really shocked me:
A Morgan Stanley compliance officer and her husband pleaded guilty today to insider-trading charges just hours before another official of the firm and her husband were arrested on identical charges in a separate case.
A compliance officer? All the compliance officers I have known have been extremely focused on their jobs. I just can't fathom one of them doing something like this - but apparently she admitted it. The amount of money they got versus the penalties she would have been acutely aware of is extremely disproportionate.

Comments:
This is the rule, not the exception.

Honestly. The system is rife with stuff of this nature. I've watched 29 years of this. The games get more complicated, but in the end they're all the same.

I should write a book.

Care to Co-Author?
 
I don't think we could count on the Witness Protection program, honestly. What about your kids?
 
We're Jews. They'll be coming for us soon enough anyway.

We could stick to the stuff that the statute of limitations has run out on.
 
There IS a statute of limitations for the betrayal of the True Patriots Of Money? I thought speaking disrespectfully of the Puissant Princes of Political Patronage was considered equivalent to high treason?

Before they come for you, come south. There are way too many guns around here, they'd never get you. It would be a bit like deer season if anyone tried such a thing.
 
I just can't fathom one of them doing something like this - but apparently she admitted it. The amount of money they got versus the penalties she would have been acutely aware of is extremely disproportionate.

"THE MONEY WAS TOO GOOD! I GOT STUPID!"
-- Jayne Cobb, when Mal almost blew him out of Serenity's airlock over Ariel
 
It's still depressing as all heck, though!
 
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