The Galleon Insider Trading Scandal Spreads

So now, we are seeing more prominent people tied into this.

This time it's, "Richard Grodin, formerly of SAC, one of the country's most well-respected and largest hedge funds."

What is going on here is that authorities used wire taps, a change in the area of securities fraud, and it looks like a double digit percentage of Wall Street was in it at some level.

My guess is that this sort of behavior is in fact endemic to the street, and that this is the tip of the iceberg.

My concern is that the wire taps might not be the part of a securities investigation, but instead were a result of a investigation of Raja Rajaratnam's ties to the LTTE terrorists.

Considering the level of damage to our country done by the bankers, we should be going full PATRIOT act on them, because they make Osama bin Laden look like "My Little Pony".