{"id":185099,"date":"2011-10-13T18:38:00","date_gmt":"2011-10-13T23:38:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/10\/13\/the-lesson-here-is-if-you-cheat-investors-be-a-white-man\/"},"modified":"2011-10-13T18:38:00","modified_gmt":"2011-10-13T23:38:00","slug":"the-lesson-here-is-if-you-cheat-investors-be-a-white-man","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/10\/13\/the-lesson-here-is-if-you-cheat-investors-be-a-white-man\/","title":{"rendered":"The Lesson Here is If You Cheat Investors, Be a White Man"},"content":{"rendered":"<div style=\"border: 1px solid black; float: right; margin: 0px 10px; padding: 5px; text-align: center; width: 300px;\"><a href=\"http:\/\/img10.imageshack.us\/img10\/1471\/rajrajaratnam007.jpg\"><img decoding=\"async\" border=\"0\" bordercolor=\"white\" src=\"http:\/\/img10.imageshack.us\/img10\/1471\/rajrajaratnam007.jpg\" width=\"290\" \/><\/a><br \/><span style=\"font-style: italic;\">Long prison term, dark face, any questions?<\/span><\/div>\n<p>You know why <a href=\"http:\/\/www.guardian.co.uk\/business\/2011\/oct\/13\/raj-rajaratnam-insider-trading-jailed\">Raj Rajaratnam just got sentenced to 11 years in prison for insider trading<\/a>:<\/p>\n<blockquote style=\"color: blue;\"><p>Fallen hedge fund tycoon Raj Rajaratnam has been sentenced to a record 11 years in prison after his conviction in the biggest Wall Street insider trading case in decades.<\/p>\n<p>Prosecutors had pushed for 25-year sentence after convicting Rajaratnam, 54, in the biggest insider trading investigation ever conducted by US authorities.<\/p>\n<p>Legal experts said that while prosecutors may have been disappointed with the decision, the sentence was still the highest ever given for insider dealing.<\/p><\/blockquote>\n<p>The thing to remember here is that this is actually fairly small time by the scale of the financial meltdown, and that he is not white.<\/p>\n<p>I won&#8217;t believe that there is any sort of meaningful crackdown on the banksters until we see someone who is both white, and at least at the VP level for a major bank.<\/p>\n<p>This is just, &#8220;Rounding up the usual suspects.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long prison term, dark face, any questions? You know why Raj Rajaratnam just got sentenced to 11 years in prison for insider trading: Fallen hedge fund tycoon Raj Rajaratnam has been sentenced to a record 11 years in prison after his conviction in the biggest Wall Street insider trading case in decades. Prosecutors had pushed &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,972],"tags":[],"class_list":["post-185099","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-justice"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185099"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185099"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185099\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}