In response to:

Legalize Insider Trading

c136 Wrote: Nov 28, 2012 5:26 PM
That's fraud, not insider trading. Insider trading laws are bogus. Anytime 2 people trade something one person knows more about the item traded than the other. It should only be a crime if you lie about the item you are selling.
Insider trading leads the news again, casting a cloud over Steven Cohen's SAC Capital Advisors $14 billion hedge fund.

The SEC charged Mathew Martoma, who used to manage a SAC Capital division, with using inside information about tests on an Alzheimer's drug to trade stock of the company working on it.

The media love this stuff. I imagine reporters sitting around saying: "The SEC finally will punish greedy Wall Street! These tycoons rig the game -- cheating is how they acquire $14 billion -- and now noble government prosecutors will bring justice."

But this is nonsense. Government prosecutors are as ruthless...