Working Life

Gupta. Rajaratnam. Blaring headlines are a potentially dangerous distraction from the truth: the bankers responsible for the economic catastrophe that wiped out millions of jobs and trillions of dollars in wealth are still free and clear, reaping tens of millions of dollars more and laughing all the way to next purchase of a yacht or […]

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   It’s bad enough that the global financial crisis has put millions of people out of work and trashed the future of the ranks of workers everywhere. But, let’s take a moment to consider an undercurrent of the economic crisis, fanned by fear, stupidity and the relentless drive to cut government (oh, that comes under […]

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    This past week, I made the point that the conviction of Raj Rajaratnam was a tale of a relatively little fish getting nabbed, while the big fish who caused the biggest disaster and heartache for most Americans get away. Or cover-up what they have done. Bank of America, Citigroup, G.M.A.C., JPMorgan Chase and Wells […]

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   The man behind the curtain is working hard, I’ll tell you. The spectacle out front, full of blaring headlines and prosecutors hype, tells us: we got those bad guys. Really? Nonsense.     We’ve all read about this: Federal prosecutors in Manhattan accused Raj Rajaratnam, the chief of the Galleon Group, of being at the […]

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   Is it just me, or does anyone else find it amusing that the government is relying on Lloyd Blankfein to finger someone else for illegal behavior: As a witness for the government, Mr. Blankfein testified that Mr. Gupta violated Goldman policies when he allegedly gave Galleon Group hedge-fund founder Raj Rajaratnam information he learned […]

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