Maybe you’ve been following the government’s insider-trading case against nine employees of SAC, the hedge fund started by Steven A. Cohen. I haven’t; it all blurs for me. But a friend sent along the latest story on the arrest of SAC employee Michael Steinberg. Here’s an anecdote high in the New York Times story by Peter Lattman:
Mr. Steinberg and his family moved into an $8 million Park Avenue co-op and summered in the Hamptons. He also gave back, helping found Natan, a philanthropy that promotes Israel and Jewish culture.
Then, his charmed life came undone.
Natan helps fund Birthright Israel, the organization that indoctrinates young American Jews in support for Israel. That’s how a lot of wealthy Jews “give back” these days. I can only hope that SAC’s alleged corruption throws a sickly light over this dubious cause.
Yeah, I noticed that too. I also imagined the (Catholic?) FBI guys enjoying picking him up on Good Friday.
Insider trading is endemic on WS…..because it’s hard to actually ‘catch’ people at it…unless they are stupid and over confident enough like this group to communicate info in mails or some underling turns them in.
There seems to be the ever present big contributors to Jewish charities or Israel related causes among Jewish Wall Streeters…..the tribal connection and price of entry in Jewish headed WS firms I would assume.
Insider trading is not a victimless crime btw—-it cost the average investor and even institutional investors who don’t have access to inside info billions a year. It’s people like this that have turned ‘investment’ into a ‘blind bet’ for investors……and the game is rigged by the house. I wouldn’t touch the market with a 10 foot pole any more…it’s as corrupted as government. If people want to invest they should think locally and find businesse or real estate to invest in that they understand and have some control over.
If you follow the money by looking at the owners and managers of our big print and broadcast media, you will get a more accurate picture of the power of the Israel Lobby than can be explained by the most ridiculously wishful imaginations of the limited amount of Jewish money contributed by those few of our big capitalists who are sympathetic to Zionism.
RE: “A friend sent along the latest story on the arrest of…Michael Steinberg…[who]…helps fund Birthright Israel, the organization that indoctrinates young American Jews in support for Israel. That’s how a lot of wealthy Jews ‘give back’ these days.” ~ Weiss
MY COMMENT: No doubt Dershowitz would say that Steinberg’s helping to fund Birthright Israel is a great example of his “helping to repair the world” (tikkun olam); just as it is in the case of Sheldon Adelson, whose Las Vegas Sand’s Corp. gambling empire also happens to be under investigation by the Securities and Exchange Commission, the Dept. of Justice and the FBI.
Talk about “birds of a feather”! ! !
● P.S. SOME GOOD TOE TAPPIN’ MUSIC:
“Use Somebody”, by 2Cellos, on the CD ‘2Cellos’ [VIDEO, 03:27] – http://www.youtube.com/watch?v=6ZaUrZhMXm8
Just imagine how low the sucker average American is in the eyes of these “American” insider traders, and even more so, those who think they are moral because they support feeding young American Jews to Israel, not the USA, which gave them all they have as WASP Era replacements.