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Insider Trading Based on NSA Wiretap Information

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The Whiskey Priest Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 11:29 AM
Original message
Insider Trading Based on NSA Wiretap Information
Edited on Mon Feb-20-06 11:34 AM by The Whiskey Priest
Suppose that one day, company XYZ Pharmaceuticals, Ltd, received some bad news, the new product had failed the trials.

Suppose that the VP in charge of the development in Germany called the CEO in America.

Suppose that conversation was picked up by the NSA.

Suppose the information was passed on to someone who owned stock in company XYZ Pharmaceuticals, Ltd.

Suppose he rushed to his broker with a sell order on that stock.

Far-fetched and very hypothetical?

On the other hand, is there a bottom on how low anyone in this administration will go to make a buck?
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 11:36 AM
Response to Original message
1. needle in a haystack. why not just tap democratic opponents?
tapping top democrats or key democratic opponents is just about the ONLY explanation that makes any sense. small group, you can tap and monitor over time. this needle in a haystack fishing expedition crap is a red herring at best, it's rather idiotic to think you can find a terrorist plot just by searching for farsi conversations, especially when EVERYBODY talks about 9/11, terrorism, wmds, etc.
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The Whiskey Priest Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 11:40 AM
Response to Reply #1
4. I am betting that the parameters was not only Farsi
there is something bigger. This post resulted from all the folks that think, "tap my phones Im not a terrorist." Just an example of the way this sort of power can be misused....also, nothing excites the other side like someone making a buck because they had information to which they did not have access
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slor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 11:38 AM
Response to Original message
2. That is what I am saying...
we need to raise this specter to the people that seem far too willing to allow this crap. We need to get businesses involved to help fight this shit.
<http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x471418>
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greatauntoftriplets Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 11:39 AM
Response to Original message
3. Probably not.... no bottom.
And that puts me in a funk.
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ewagner Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 11:45 AM
Response to Original message
5. As long as we're speculating...
What if the country they've been spying on IS ISRAEL! Wouldn't htat be worth covering up?
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