Wednesday, May 11, 2011
We all knew he did it, right? Plus, this does not seem like the best time to advance the "it happens all the time on Wall Street" argument. In listening to wiretaps, it is easy to believe that Rajaratnam did not really believe that he was doing anything wrong. While it is arguably the biggest insider trading case in history, it is only the tip of the iceberg, and it takes two people to exchange information illegally. It is not at all apparent that the larger participants in this scheme, like Goldman Sachs, will be held accountable.
Tuesday, May 10, 2011
The Portland Development Commission offers matching small business loans to companies in growth sectors who have secured loans from other banks. Except it doesn't, having not given a single loan to a single company under this program in the last year and a half. Now they are saying, they may actually expand the program.