If I were a fly on the wall at Preet Bharara household's Thanksgiving dinner, I can imagine what I'd have seen amid the turkey, cranberry sauce and fixings. I can see it now: The U.S. attorney for the southern district of New York, having taken absolutely no steps against any of the major players in the greatest financial crisis since the Great Depression, giving thanks -- for insider trading.I know, I probably should be joining in the media frenzy over the Great Upcoming Hedge Fund Insider Trading Scandal of 2010-2011. But something about the whole thing bugs me. For one thing, it is the subject of more intensive leaking since the South Fork Dam started pouring its contents over Johnstown in 1889. Secondly, and most importantly, it has a veritable stench of being the prosecutorial equivalent of a consolation prize. Sort of the public being given a lovely parting gift, when what people really want is the grand prize: punishment for the perpetrators of the financial crisis that has wreaked havoc with the economy and is pushing thousands of people out of their homes.
U.S. Attorney Aims Low With Trading Probe
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