In Finance Professor Earns “King’s” Ransom, John Fullerton of the Capital Institute about a professor, acting as an expert witness, paid $1 million dollars in the financial fraud trial of Raj “King”. It looks to me that he was paid to say the information, that Raj had traded on, was available to the public, so… somehow would not actually “illegal” to use even if the way he got the insider information was illicit. (wow!)
To me the question is how to tell the difference between using money to make money as a general good as our culture treats it, and the natural limits at which it upsets and falsifies everything we stand for to continue supporting it. It seems to take us to where power is too powerful to put limitations on, and that’s not good. Continue reading Is it “the system” or “the excess”?