On May 11, after the trial of Galleon hedge-fund founder Raj Rajaratnam (pictured below) had ended in a conviction on all counts, the U.S. Attorney for the Southern District of New York, Preet Bharara, came forth to give his understanding of it all. His statement is worth parsing, one element at a time.
Atlas Shrugged is an extended cry against the oppression of creators, most particularly businessmen: the Atlases who bear this world on their shoulders.
We’ve all seen the headlines : “Insider Trading ‘Rampant’ On Wall St.: US Attorney.” But how many of us stop to ask about the person who lurks behind that title, “US Attorney”?
In my investigation of the Jamie Olis case, I wrote: Following the collapse of Enron in December 2001, the city of Houston became the center for prosecutions of executives in the oil and gas industry. Men and women—innocent and guilty—were paraded before howling mobs and dragged into prejudiced courts, with no effort to determine whether they were con artists or wheeler-dealers, whether they had schemed to commit frauds or had merely run afoul of convoluted securities regulations.
Defaming Frank Quattrone--Again. Someday, I should like to assemble a book comprising nothing but the libels and slanders against capitalists that have become a permanent feature of our history books. Among them would be: that  J.P. Morgan sold flawed rifles to the Union Army, that John D. Rockefeller cheated the Widow Backus--and that Frank Quattrone ordered his subordinates to "clean up those files."


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