Circle of Friends

Circle of Friends

The Massive Federal Crackdown on Insider Trading--and Why the Markets Always Work Against the Little Guy

Book - 2013
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Follows the FBI and SEC as they investigate and prosecute a series of insider trading cases resulting in more than sixty convictions, including the management at the Galleon Group and at McKinsey & Co.
Publisher: New York : Harper Business, [2013]
Edition: 1st ed
Copyright Date: ©2013
ISBN: 9780062096067
Branch Call Number: 364.16809 GASPARINO
Characteristics: viii, 369 p. ; 24 cm


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Nov 15, 2013

Written by Fox Network correspondent, the basic premise seems to be insider trading is a victimless crime, and there are other bigger investment problems like greedy banks out there, so until the other problems go away, big bad government should leave those hard working hedge fund managers (and by extension the big talking heads in the financial media) alone. Not hard to imagine who's buying this book and patting the author on the back.

The book jacket proclaims "Circle of Friends is a wake up call to the investing public." Absolutely correct.

The investing public should be aware that many of the 'personalities' on the Fox Business Network like Gasparino are as bias as their news counterparts at Fox News and dancing furiously to the tune played by those who profit most from the status quo.


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