1 of 1

Write now Article Tools

WALL STREET'S MOTTO: Give us your corrupt, selfish, super aggressive sons yearning to breathe greed!

If Raj Rajaratnam, the latest sensation of Wall Street charged with insider trading, instead of immigrating to the USA, stayed back in Sri Lanka and applied corrupt tactics to make money regardless of how ingenious or how innovative he would have been he couldn't have amassed more than 20 or 30 million dollars. It is because in a society like Sri Lanka, (similar to the USA as to 1% controlling over 95% of wealth), the amount available in dollar volume to one of those at the top 1% is limited to only about 20 or 30 million dollars. In other words Sri Lankan Central Bank, as opposed to the Federal Reserve Bank (the Fed) in the USA, cannot create unlimited amount of money. But in the USA that 1% who control more than 95% of wealth could make billions because the Fed has found a way to create unlimited amount of money and selectively pass it on to that 1%.

Raj Rajaratnam affair should send a clear message to all the corrupt leaders in the developing world as follows: Stop emptying the country's treasury causing starvation, decease and consequential crime and terrorism. Instead send your children yearning to be super wealthy overnight to the USA, send them to the best schools and get them jobs on Wall Street. In one year they will make in annual bonus more than their parents could make a lifetime of stealing from their country. Also the money any leader in the developing world makes through any corrupt ways may get exposed sooner or later making them to end up in jail. But in the USA the top one-percent has written the legislation for them to grab a disproportionate share of gross domestic income with no negative consequences. In fact the media hails those who do that as genius.

So Raj Rajaratnam's parents were smart to send him to the USA and Raj was smart enough to pick "Wall Street" as the place to make his fortune. It is important to keep in mind that if Raj picked to be a medical doctor or an engineer or any other noble professional in the USA he might as well stayed back in Sri Lanka and made his score there. Because medical doctors, engineers, scientists and other professionals are dammed to live middleclass lives of insecurity in the USA. The only guys who can score billions are the ones end up on Wall Street either as a middleman or as a stockholder of a public company (which is nothing more than a racehorse in the biggest casino in the world). Don't take

• 1
• 2
• 3
• 4
• next page >>

Add your voice

Know something about Insider trading scandals diminish investor confidence?
We want to hear your view. Write now!