vpb: It's almost like this is a guy with an antisocial personality disorder than an economic theory. i have heard interviews with criminals where they describe their viewpoint and it's very similar.
Slaxl: This guy is really going for it today isn't he?
Cinaed: So.... lemme get the argument straight. So long as the 'hapless outsider' is bilked and the 'upstanding insider' makes a delightful chunk of change, all is right with the world?
HighOnCraic: "SAC Capital's founder, Steven A. Cohen, is being tried as a witch..."Well, does he weigh more than a duck?
nmrsnr: This guy cannot be real, right? I mean you can't write this:"Take a worst case scenario: a fire has just broken out in one of the firm's warehouses. Insiders start dumping their stock, selling it to hapless, ignorant outsiders who are about to see their newly bought stock plunge in price. But what is the cause of the stock's fall? The cause is not insider trading, but the fire."And actually mean it. Because that's not even close to the worst case scenario. An obviously worse scenario is a bunch of CEOs shorting their own stock because they have direct control over whether their stock tanks, making a killing by destroying their own company, and walking away. The company is decimated not by accident, not by random act like fire, but because greedy people actively destroyed it for their own gain, putting hard working people out of work. And I'm pretty sure even that's not a worst case scenario, but I didn't want to spend more than a minute on this ridiculous human being.
Voiceofreason01: Randian Objectivism is a broken and pretty stupid philosophy....
sigdiamond2000: vpb: It's almost like this is a guy with an antisocial personality disorder than an economic theory. i have heard interviews with criminals where they describe their viewpoint and it's very similar.I don't think I've ever met anyone in my life whose world view was entirely informed by a single work of literature that didn't have a personality disorder.Those two things go hand-in-hand.
MrBallou: Is Binswanger a real name? It sounds made up. If I was going to create an alt designed to be a total dick, it's a name I might choose.
El Pachuco: This is one of the most sociopathic rationalizations of criminal behavior I've ever seen, and I've read a lot of IBD and WSJ op-eds.He destroys his own argument in the last sentence -Bear that in mind the next time you hear someone damn any capitalistic act between consenting adults-including insider trading.An inherent element of a fraudulent transaction is the concealment or omission of critical information about the transaction. If you'd known what I knew, you might not have consented to the transaction.He's saying, if I can cheat you, then you deserve to get cheated.
Marcus Aurelius: Forbes is like Kool-Aid for the 1%.
nmrsnr: The company is decimated
rustypouch: sigdiamond2000: vpb: It's almost like this is a guy with an antisocial personality disorder than an economic theory. i have heard interviews with criminals where they describe their viewpoint and it's very similar.I don't think I've ever met anyone in my life whose world view was entirely informed by a single work of literature that didn't have a personality disorder.Those two things go hand-in-hand.So you're saying that most Christians have a personality disorder? In fact, that could be said of most religious people, no matter their faith.I can get behind that.
Dusk-You-n-Me: 6. Intelligence? Why did we need intelligence?
rev. dave: The author of that article sounds guilty. I bet if you spend 5 minutes looking at his trades you could find a couple felonies.
theknuckler_33: Harry Binswanger, Contributor I defend laissez-faire capitalism, using Ayn Rand's Objectivism.stoppedreadingrightthere.png
Slam Bradley: The point is anyone can work off insider trading. I can short McDonalds stock and then put cyanide in their ground beef - its not the stocks fault, its the people who ate the poison. If anyone dies, so what./what a horrible worldview to hold
TomMalory: [i215.photobucket.com image 320x240]Approves
If you like these links, you'll love
Come on, it's $5 a month, just do it.
Sign up for the Fark NotNewsletter!
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2017 Fark, Inc | Last updated: Sep 25 2017 20:38:59
Runtime: 0.478 sec (477 ms)