[Aceroassert]

Nice to see some white collar criminals facing charges for a change. Hedge fund managers are none too happy about it, though. Gee, I wonder why.


NEW YORK (CNNMoney) -- In the nearly two years since the government began cracking down on insider trading, federal prosecutors have charged and convicted dozens of people in several overlapping cases.

The sweeping probe has resulted in criminal charges against 49 individuals and has yielded 40 convictions since August 2009, according to the U.S. Attorney's Office in Manhattan.

The Securities and Exchange Commission has also stepped up its enforcement actions, filing civil charges against more than 138 individuals in over 50 cases in the past 18 months. http://money.cnn.com/2011/06/09/news....htm?iid=HP_LN

[mvjvz]

Here's an interesting blog/op-ed piece about hedge fund heavyweights who are running to the Republicans with armfuls of cash, perhaps a bit upset with Pres. Obama for coming down on their big-name colleagues.

Wall Street Hedge Fund Billionaires Moving To Defeat Obama Re-Election

When you swim with piranhas and think they are your friends, well, you'll eventually get a rude lesson. Especially if you do just a little thing to hurt their interests. So, it is with the folks on Wall Street, and, in particular, the hedge fund world: they are pouring huge amounts of money into the GOP. http://www.workinglife.org/blogs/vie...ntent_id=15162