Thursday, March 31, 2011

1464 Indie Group

I was reading a news article the other day. And it got me thinking. Maybe the anti-immigrant types are barking up the wrong tree. They think the problems with America are because workers on the low end of the economic tree are taking all the jobs.
Maybe they should set their sights a little higher.
The article was written for Forbes.com by one Halah Tourylai and it involved the nefarious insider trading schemes of a fellow by the name of Raj Rajaratnam, a Sri-Lanka born billionaire, and owner of a massively profitable hedge fund.
Ol' Raj was apparently getting insider tips from CEOs and using them to profit other traders and himself. A nice little ring-around-the-everything's-rosy scheme to profit the inner circle on good old economic crater-inducing Wall Street.
Raj got some of his info from a former exec at Goldman Sachs named Rajat Gupta. Raj and Rajat eventually had the feds smelling a R(aj)at. So, I guess operating on the unconsciously racist assumption that "it takes one to know one" the feds assigned US Attorney Preet Bahara to the case.
Funny, when I researched and typed all these names into my browser, all of a sudden I got ads from companies in New Delhi and Mumbai. Darn that predictive software.
In any event, anti-immigrants take note. The poor folks working at low-paying domestic labor jobs aren't the ones who blew up our economy. And if you really want a conspiracy theory, you might check the fact that India's economy is going gangbusters.
Of course, it could just be the final result of our kids bad math scores. They can't compete on Wall Street either.
America, ya gotta love it.

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