Nothing surprises me more than when I read that trading on insider information is a victimless crime. In the wake of the conviction of hedge-fund giant Raj Rajaratnam, the claim has come up time and again. In fact, it is entirely untrue.
Greed never dies; rules are made to be bent; the rich are indeed different from the rest of us -- and Shakespeare's fool was wrong. It would seem the whirligig of time does not, alas, bring its revenges.