I WISH SOMEONE WOULD WRITE A BOOK ABOUT THIS

The MOTU have been corrupt for decades and someone should take the time to write up all the scandals since WW II.

UPDATE 1-U.S. to lift lid on "pervasive insider trading" -WSJ
Fri Nov 19, 2010 11:34pm EST
REUTERS

NEW YORK Nov 19 (Reuters) - U.S. officials are preparing insider trading charges against a host of financial players, including investment bankers and hedge fund managers, The Wall Street Journal said, citing people familiar with the matter.

The investigations could expose "a culture of pervasive insider trading in U.S. financial markets", especially in ways private information is transmitted to traders through connected insiders, the newspaper said, citing federal authorities.