Archive for November, 2009

Legalize Insider Trading?

Monday, November 2nd, 2009

Couldn’t help but share this article by James Altucher of Formula Capital who made minor headlines with his recommendation to legalize insider trading.

This comes in the wake of the demise of Galleon Group, a hedge fund whose head billionaire Raj Rajaratnam, was caught with a big hand in the insider trading cookie jar. This welcome clampdown on some of the real perpetrators, as opposed to the symbolic arrest and incarceration of Martha Stewart a few years back, is met with someone who should know better calling it a victimless crime.

I guess if the crime is not personal, meaning it’s committed against any and everyone indiscriminately, then those who are leveraging their positions of relative power and influence feel no one is really victimized.

Here at GoHuman.com we take a bit more of a holistic view of things. Our marketplace of local services is designed to be transparent, built from the bottom up, with shared ownership. We seek to make it extremely difficult, if not impossible, for insider information to even exist, much less be exploited by a privileged few at the top.

We hope you’ll catch the vision, spread the word, and help make this marketplace the wave of the future.

blind justice