The perception that Wall Street has an inside advantage has always been there, but it seems new to me that Washington is now getting in on the stock game.
But exactly that prospect has generated excitement from one Wall Street analyst and deep inside Internet message boards.
It would be a shame if House Republicans, led by the Majority Leader, at the urging of Wall Street interests and other inside-the-Beltway forces, watered down the tough but common-sense measures supported by Republicans and Democrats alike.
But many on Wall Street have been giving the inside track to a rival drug, Incivek from Vertex Pharmaceuticals.
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Last year, CNBC poached Robert Frank, the author of Richistan and The High-Beta Rich and pioneer of the wealth beat at The Wall Street Journal, to set up the Inside Wealth blog at the cable channel.
From " Bailout: An Inside Account of how Washington Abandoned Main Street While Rescuing Wall Street, " by Neil Barofsky, former special inspector general to oversee the Troubled Assets Relief Program: Federal Reserve chairman Ben Bernanke "confided that he believed that Goldman Sachs would have been the next to go" after Morgan Stanley.
On July 21st the Wall Street Journal ran a short story on its inside pages suggesting that Wayne Huizenga's AutoNation, the country's biggest car retailer, was considering offering an own-label car.
Bharara referred me to a 2007 poll in which twenty-five hundred Wall Street professionals were asked if they would use inside information to make ten million dollars if the chances of getting caught were fifty per cent.
Or that Wall Street and banking and money management would be turned inside out, uncorking money buried inside the musty trust departments of sclerotic banks.
Incidentally, they named Blue Star after the 1987 movie Wall Street, in which Michael Douglas' Gordon Gekko buys Bluestar Airlines using inside information--and his informant is sent to jail.
In the film aptly named Wall Street, Michael Douglas played a ruthless buyout kingpoin who traded his way to obscene wealth using inside information.
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