The Times on Inside Information

http://www.futureofcapitalism.com/2010/12/the-times-on-inside-information

One other point about that New York Times editorial denouncing the "ill-gotten profits" that a hedge fund allegedly reaped by trading on "secret information." Isn't it remarkable for the Times to publish such an editorial the same week as that newspaper itself is reaping a bonanza of circulation and advertising revenue by publishing a nine-part series on the secret State Department cables obtained by Wikileaks? I'm not saying the situations are exactly the same, but there are certain parallels and differences. If you make money off secret information as a hedge fund manager, you are a crook. If you do it as a newspaper publisher, you get a Pulitzer Prize. Amazing.

by Ira Stoll  |  Dec 1, 2010 at 9:17 pm Related Topics:  Capital Markets Regulation, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list