Wall Street's Big Sellout
This is what he was doing the other night when one of the Wall Street wise guys was being sentenced for making a killing on inside stock tips.</br></br>"Your honor," the defendant began, "I am ashamed of what I did. I should have never gotten involved with insider information." "That's not what you're ashamed of," shouted Morton. "What you're sorry about is that you had to give back $6 million."</br></br>The defendant wiped a tear from his eye. "Most of all I am full of remorse because I brought disgrace on my parents and my friends who had no idea what I was doing."</br></br>The defendant said, "I have discovered that when you betray the people you work for and the country you love there is a lot of pain."</br></br>"He had the same barber as Ivan Boesky. You must remember the stock market is a jungle-it's dog eat dog, and you can't blame a young man for wanting to make more money than Merrill Lynch Fenner and Smith. If this guy didn't feed inside information to Boesky, somebody else would have. The traders have a saying on Wall Street, `If a man does something illegal and they put his picture on the front page of the New York Post, he has suffered enough.' " The defendant continued, "I ask all the people I have hurt to forgive me for what I've done. I'm going to devote the next 60 years of my life to giving poor people good stock tips."