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Is insider trading a form of wealth confiscation? The only way banks and hedge funds can be as successful as they are is via insider trading - not in the legal
by johnrob 15y ago
Is insider trading a form of wealth confiscation? The only way banks and hedge funds can be as successful as they are is via insider trading - not in the legal sense, but in the sense that they have info that the public does not. I don't know the answer, but to me it seems more likely to fall in the confiscation category. Not an easy call.
- pg 15y agoYes, pure insider trading seems a lot like theft. But it doesn't seem likely that most hedge funds depend on it. It would be a remarkably well executed subterfuge if all those quants were just window-dressing.