“This kind of speculation reached a high point with the Pentagon's initiative of creating a 'futures market in events', a stock market of prices for terrorist attacks or catastrophes. You bet on the probable occurrence of such events against those who don't believe they'll happen. This speculative market is intended to operate like the market in soya or sugar. You might speculate on the number of AIDS victims in Africa or on the probability that the San Andreas Fault will give way (the Pentagon's initiative is said to derive from the fact that they credit the free market in speculation with better forecasting powers than the secret services). Of course it is merely a step from here to insider trading: betting on the event before you cause it is still the surest way (they say Bin Laden did this, speculating on TWA shares before 11 September). It's like taking out life insurance on your wife before you murder her. There's a great difference between the event that happens (happened) in historical time and the event that happens in the real time of information. To the pure management of flows and markets under the banner of planetary deregulation, there corresponds the 'global' event- or rather the globalized non-event: the French victory in the World Cup, the year 2000, the death of Diana, The Matrix, etc. Whether or not these events are manufactured, they are orchestrated by the silent epidemic of the information networks. Fake events.” Terrorist AttacksStock MarketMatrixInsider TradingNoneventFake News Fake EventsThe Taking Of Pelham 1 2 3 Book:The Intelligence of Evil or the Lucidity Pact Source: The Intelligence of Evil or the Lucidity Pact
“Fifteen years ago, this would have been insider trading, but that quaint concept had disappeared a decade or two ago when so many brokers were doing it that it was impossible to jail them all. Now it was called smart trading.” SatireStock MarketInsider Trading Book:Jennifer Government Source: Jennifer Government
“Securities fraud generally and insider trading in particular should be eminently deterrable crimes.” ShouldSecurityCrimeParticularFraudTradingInsidersInsider Trading Author:Preet Bharara
“Unfortunately, from what I can see from my vantage point as the U.S. Attorney here, illegal insider trading is rampant and may even be on the rise.” MayI CanIllegalTradingAttorneyInsidersVantage PointInsider Trading Author:Preet Bharara
“I spoke bluntly about what I had seen in a little over a year as United States Attorney for the Southern District of New York. To the apparent surprise of many in the room, I observed publicly that insider trading appeared to be rampant.” YearsLittlesStatesUnitedRoomsUnited StatesNew YorkSurpriseSpokesSouthernTradingAttorneyInsidersInsider Trading Author:Preet Bharara
“Insider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies - they're the only ones who can make a true buck.” PeopleCompanyDirectorsMajorsDollarsAccessBillionsBoardsTradingBucksWrong TimeInsidersRiggedBoard Of DirectorsInsider Trading Author:Preet Bharara
“Significant officials at publicly traded companies are casually and cavalierly engaged in insider trading. Because insider trading has as one of its elements communication, it doesn't take rocket science to realize it's nice to have the communication on tape.” RealizingCompanyNiceCommunicationElementsSignificantEngagedOfficialsTapeTradingRocketsInsidersRocket ScienceInsider Trading Author:Preet Bharara
“The aggressive use of wiretaps is important: It shows that we are targeting white-collar insider-trading rings with the same powerful investigative tools that have worked so successfully against the mob and drug cartels.” ImportantUseShowsWhitePowerfulDrugToolsRingsAggressiveTradingCollarsInsidersWhite CollarCartelsDrug CartelsInsider Trading Author:Preet Bharara
“Former Enron founder Ken Lay and CEO Jeffrey Skilling found guilty in the Enron case. Ken Lay is so guilty I'm surprised people aren't calling him Congressman Ken Lay. Wait 'till these guys find out in prison that insider trading has a whole new meaning.” PeopleWholeGuyFoundWaitingCasesCallingLaysPrisonGuiltyFormerFoundersCeoTradingCongressmanInsidersEnronInsider Trading Author:Jay Leno
“Federal authorities have informed Martha Stewart's lawyers she will be indicted for her role in the ImClone insider trading scandal. Good news for Martha - stripes are back in this year.” YearsRolesAuthorityNewsLawyerGood NewsTradingScandalStripesInsidersInsider Trading Author:Craig Kilborn
“Gossip is certainly one of the things that language is useful for, because it's always handy to know who needs a favor, who can offer a favor, who's available, who's under the protection of a jealous spouse. And being the first to get a piece of gossip is like engaging in insider trading: You can capitalize on an opportunity before anyone else can.” KnowsNeedsFirstsOpportunityLanguagePiecesOffersAvailableProtectionFavorsGossipJealousSpouseEngagingTradingHandyInsidersInsider Trading Author:Steven Pinker
“If companies tell us more, insider trading will be worth less.” IfsCompanyTradingInsidersInsider Trading Author:James Surowiecki
“Why are people who are appalled at insider trading so quick to trade on inside information when it comes their way?” PeopleWayInformationTradeTradingInsidersInsider Trading Author:Jonathan Clements
“President Obama signed a bill preventing members of Congress from profiting from insider trading. Didn't you think that was already illegal?” ThinkingPresidentMembersBillsCongressIllegalPresident ObamaTradingPreventingInsidersInsider Trading Author:Jay Leno