Rajat Gupta and Goldman's Insider Trading Bombshell

[katty]

more:
http://www.thedailybeast.com/blogs-and-stories/2011-03-02/rajat-gupta-at-center-of-wall-streets-biggest-insider-trading-scandal-ever/?cid=hp:mainpromo3

Rajat Gupta was trusted by McKinsey, Goldman, and AMR. But the SEC says he shared insider secrets so a hedge fund could make millions improperly in the market. Allan Dodds Frank reports.

The reputation of McKinsey, the world’s most important consulting firm, is built on the perception that its high-priced consultants are the brightest and most trustworthy group available anywhere. Now Rajat Gupta, who served as McKinsey’s global managing director for nearly a decade, is enmeshed in Wall Street’s biggest insider trading scandal ever.

The ultimate kings of capitalism—Warren Buffett’s Berkshire Hathaway and the boards of directors of Goldman Sachs and Procter & Gamble—are the latest alleged victims of a vast insider-trading ring that penetrated Wall Street during the last decade.

[European Socialist]

1. As the Repukes would say....

Let the market work its miracle.

[katty]

2. ha!