Marty Kaplan is a blogger for the Huffington Post and apparently some kind of "liberal" personality. His latest post strikes a strange note. "Daddy's Been Arrested" about Michael S. Steinberg, a 41-year-old stock trader for New York hedge fund SAC Capital Advisors, who was arrested by the FBI at his $8 million Manhattan co-op. (Think about that number!) This is related to the scandal involving SAC employees indicted in the investigation of its founder, Steven A. Cohen, whose net worth is around $10 billion. Four of them have pleaded guilty. Apparently the FBI is trying to reel in and flip Cohen's conspirators in an alleged insider trading scheme, and Steinberg -- Cohen's golden boy -- is their latest catch. But here's the thing. It's like we're supposed to feel sorry for Steinberg and his ilk.
Since his name surfaced in the investigation, Mr. Steinberg has occasionally spent evenings in New York hotels to avoid being handcuffed at home in front of his two children. Federal agents refused to let Mr. Steinberg surrender of his own volition at F.B.I. headquarters downtown, expressing the view that white-collar defendants should not be given special treatment.
Oh really! Steinberg and his kind have caused so much economic harm to 99% of the planet's population. Not satisfied with the legal pilfering they can do, the now break the law as well. And we're supposed to feel sorry for them? Personally, I don't give a rat's hindquarter's for Steinberg, Cohen, or their defenders.
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