JRE Keeps You Entertained All Weekend: A thinly-veiled excuse to run clips from The Wire

It’s still Sunday night in Arizona (so I’m not late this week!), and this has just hit the Bloomberg wire. Looks like the insider-trading busts are just getting started:

Oct. 19 (Bloomberg) — Federal investigators are gearing up to file charges against a wider array of insider-trading networks, some linked to the criminal case against billionaire hedge-fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter said. […]

Investigators have struggled for years to build cases against large institutional investors such as hedge fund managers, who often deflect regulatory queries about suspiciously timed bets, arguing they’re statistical flukes amid their millions of trades. The case against Rajaratnam, built on recorded conversations within a web of alleged conspirators, offers a glimpse of how U.S. investigators are using more aggressive tactics to cut through the blizzard of trading and trace the flow of information.

And then this little piece of copyright infringement:

“If you’re going to shoot the king, you better shoot to kill,” said Bradley Bennett, a partner at Baker Botts in Washington who formerly focused on insider-trading cases as an SEC investigator. “If they’re going to take on a billionaire, they need to have the strongest possible cases.”

Omar Little (Barack Obama’s favourite character from The Wire – who’d’a thunk it?) said it first and said it better:

(Maybe the SEC needs to hire Omar to run its enforcement division. Somehow I can’t imagine Mary Schapiro walking down the street swinging a double-barreled shotgun and whistling A-Hunting We Will Go.)

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