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Health Care Bill Shot Down in Flames Amid Scandal

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posted on Oct, 17 2009 @ 02:13 AM
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Have a look at this yahoo story. An Indian Forbes Billionaire known for his campaign contributions to democrats has been arrested behind accusations in an insider trading scheme. These stocks are known to be heavily traded in the medical industry. This is only the first shot in this battle and the victor will be painfully obvious due to this mans known contributions not only democrats but also known international terrorist groups. Next in speculation, I forsee many tails tucking in and running next week with fabricated news stories to sugar coat it. Have a look see.

NEW YORK (AP) -- One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street.

Raj Rajaratnam, a portfolio manager for Galleon Group, a hedge fund with up to $7 billion in assets under management, was accused of conspiring with others to use insider information to trade securities in several publicly traded companies.

According to the Federal Election Commission, he is a generous contributor to Democratic candidates and causes. The FEC said he made over $87,000 in contributions to President Barack Obama's campaign, the Democratic National Committee and various campaigns on behalf of Hillary Rodham Clinton, U.S. Sen. Charles Schumer and New Jersey U.S. Sen. Robert Menendez in the past five years. The Center for Responsive Politics, a watchdog group, said he has given a total of $118,000 since 2004 -- all but one contribution, for $5,000, to Democrats.

Rajaratnam -- born in Sri Lanka and a graduate of University of Pennsylvania's Wharton School of Business -- has been described as a savvy manager of billions of dollars in technology and health care hedge funds at Galleon, which he started in 1996. The firm is based in New York City with offices in California, China, Taiwan and India. He lives in New York.

The Associated Press has learned that even before his arrest, Rajaratnam was under scrutiny for helping bankroll Sri Lankan militants notorious for suicide bombings.

This reiterates everything said during previous presidential elections. Be happy folks we still have a fully operational government which is intact.

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finance.yahoo.com...




posted on Oct, 17 2009 @ 02:20 AM
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reply to post by inregardstoo
 


This doesn't seem to have anything to do with the Health care bills...
interesting nonetheless



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