Saturday, 31 October 2009

The FSA, with both guns blazing!!!

       The current scandal on insider trading on Wall St. with regards the Galleon hedge fund and some other big guns in the rip-off money club seems to have come to court because of the authorities using wire tapping and other forms of surveillance. It is not unusual in the US to see these sort of affairs hit the headlines and the courts, after all there is plenty of that sort of thing about, it is the way big business works, but not here in the UK, we are a bit more refined. You see here in the UK financial world it is gentlemen that you’re dealing with. If you need proof of this then the outcome of the UK Financial Services Authority “investigation” into insider trading should be proof enough. When the British Financial Services Authority thought that there might be some dirty dealings, sorry, insider trading, they became utterly ruthless and sent a letter to all the UK financial institutions asking if they knew of any evidence of insider trading. Naturally nobody seems to have had any knowledge of this sort of thing, after all, this the UK, we would never dream of indulging in such grubby events. You might make a lot of money, but would you be able to sleep at night?

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