In response to:

Legalize Insider Trading

Ms Kelly Wrote: Nov 28, 2012 8:07 PM
So you think "insider" trading is cheating? Another poster said it best. Any time two people trade anything, one person has more knowledge than the other. That used car that you think is a "steal"? The owner knows the transmission is about to go. Does he tell you? The house that is up for sale at a much lower price than other comparable houses. The owner knows an oil refinery is going in a few miles away and will stink up the neighborhood. Should he tell you? Insider trading laws are stupid. When government criminalizes knowledge, they have become dictators and thought-police.
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...