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Browse: Home / 2012 / February / 08 / Preet Bharara’s toothless bite of Wall Street – Salon.com

Preet Bharara’s toothless bite of Wall Street – Salon.com

By Securities Docket on February 8, 2012, 7:14 pm

Preet Bharara is not busting Wall Street. He’s not collaring the masters of the meltdown. He’s done nothing to even slightly discomfit Wall Street’s still-ferocious money machine, or has yet to bring to justice the architects, enablers and continuers of the 2008 financial crisis — the bankers who got us into that mess, and the ones who are continuing to extract pain from foreclosed homeowners, in the New York area and beyond.

As a matter of fact, his over-hyped insider-trading prosecutions, the main focus of the Time piece, are doing the Street a favor, by targeting people who actually ripped off Wall Street — individuals like hedge fund managers Raj Rajaratnam and Danielle Chiesi, who functioned a bit like the goons who used to dope race horses in the old days.

via Preet Bharara’s toothless bite of Wall Street – Salon.com.

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Posted in Criminal | Tagged Insider Trading, Prosecutors, Web Watch

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