An Alaskan Reader Notes The "Indian-Entrepreneur" Factor In Wall Street Prosecutions
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From Ryan Kennedy [email him]

PBS's FRONTLINE just aired a story about insider trading calle To Catch a Trader . There sure were a lot of Indians and other Asians in the FBI's cross-hairs.  This jibes with's observation that many of the "successful" business entrepreneurs that immigration enthusiasts like to crow about are successful because they are so adept at gaming the system and/or cutting corners.

Now as a person with a huge libertarian streak, I am open to the idea that "insider trading"  shouldn't even be illegal in the first place.

But the fact is it is the law of the land and it seems that immigrants have fewer qualms about breaking a whole host of our laws, which in this case are the financial laws that American traders have to play by.

Ryan Kennedy (email him) has written us many letters and articles. He lives in Anchorage, Alaska.

James Fulford writes: There's a lot of this going around—see, for example, Patrick Cleburne's 2009 post Hedge Fund Galleon's Wall Street: Minority Occupied Territoryand they'd get away with more of it, if it weren't for the fact that the US Attorney responsible for catching traders was a guy named Preet Bharara, who was raised in America, and doesn't have worry about being called racist.

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