Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Saturday, 10 December 2016
Last updated 12 hours ago
Mar 10 2011 | 5:29pm ET by Deirdre Brennan
A few years back we had arch-Ponzi schemer Bernie Madoff, and all the fun Bernie related paraphernalia that came with him: toilet paper so you could wipe your butt with Bernie’s smug mug; golf balls so you could hit Bernie in the, well, balls. You get the idea. With Lehman’s demise and Bear Stearns’ downfall we saw a fire sale of all things emblazoned with their logos…tee shirts, hats, mugs, old business cards, the works.
As the much publicized insider trading trial of Raj Rajaratnam began yesterday, I got to thinking about just what fun sort of knickknacks I may find on eBay or Amazon. So I googled, and I googled, and I googled. Surely some entrepreneur or former (and now unemployed and starving) Galleon Group employee would use this moment to make a few bucks. Not so. I found zip. No Galleon stress ball, no baseball hat, not even a chewed pen.
Now, this is supposedly the biggest insider trading trial ever, isn’t there some sort of commercial value to be gleaned from Galleon’s sunken ship? If someone finds something out there, please send me a link or a photo, or even, dare I ask, a real live business card!
Here at FINalternatives we keep what we call ‘The Wall of Shame.” It is mostly the business cards of hedge fund managers who we either once interviewed for a story or met at an event and are now in the clink (or on the lam, that would be you Gad Grieve). Alas, none of us ever did meet Raj and his cohorts, but as he is taking up so much of our ink these days, we’d really love a memento.