IT = This © fintag

News comments:
Inside Trading is a curse of the markets.

It is also very difficult to define and control and for laissez faire capitalists it is not a problem. The regulators and current opinion take a different view and have taken down a hedgie who through his actions has tarnished others.

The man in question has been a scapegoat. Let us hope the institutions who sold the inside information are prosecuted too. Unlikely of course.

Today's shorts:
Australia: the next big bubble to crash (bloomberg)

Today's longs:
Greece descends into anarchy (reuters)

Gossip:
Madoff to share cell with new inmate.