The title of the article is “SAC Billionaire Steven Cohen Can’t Make His Mommy’s Monkey Jump” (sic) and it is an Op-Ed piece by Greg Palast for Truthout dated November 8, 2013. It just arrived in my email box through my online subscription with Truthout. This is not going to be one of my lengthy pieces; consider this just a little introduction to Mr. Palast.
Stock market genius or just a good guesser?
The article peels a few of the layers off of one of the darlings of The Wall Street Journal editors and contributors, multi-billionaire Steven A. Cohen. The Wall Street crowd and their ilk nationwide admire (adore?) Mr. Cohen for his brilliance—believe it or not, he has been compared to John Nash, the subject of the movie A Beautiful Mind!
Mr. Palast points out that with his latest admission of guilt for insider trading—that’s both cheating and a felony—he has paid approximately 2 billion dollars ($2,000,000,000) in fines to the SEC in the past two years! Some genius, yes?
Advice from the top investigative journalist in America
Palast states that “As a reporter, billionaires are my beat. I’m often asked, Why? Why is 2 billion or 9 billion or 20 billion not enough for these guys? Why would they play fast and loose with laws, statutory and moral, to make one more billion?
And the answer is, “They can’t make their mommy’s monkey jump.” In every twisted billionaire bamboozler I’ve investigated, I’ve found a hole in their soul they are trying to fill with wads of dollar bills, but can’t.”
In this article, he offers a tip to young journalists: “Billionaires’ ex-trophy wives are a terrific source of information. They have vengeance in their eyes and files under their mattresses. And they want just three things: money, revenge, and . . . money.”
And what is the moral of this story? There’s no such thing as a victimless billionaire.
Lobbygate to Floridagate to Floridagate redux
Greg Palast is the author of The New York Times bestsellers Billionaires and Ballot Bandits and Armed Madhouse and The Best Democracy Money Can Buy and the highly acclaimed Vultures’ Picnic, named Book of the Year on BBC Newsnight Review.
“In 1998 Palast went undercover for Britain’s Observer, worked his way inside the prime minister’s inner circle and busted open Tony Blair’s biggest scandal, ‘Lobbygate,’ chosen by Palast’s press colleagues in the UK as Story of the Year.”
“Palast is best known in his native USA as the journalist who broke the story of how Jeb Bush purged thousands of Black Florida citizens from voter rolls before the 2000 election, thereby handing the White House to his brother George.
His reports on the theft of the 2000 and 2004 US elections, the spike of the FBI investigations of the bin Ladens before September 11, the secret State Department documents planning the seizure of Iraq’s oil fields have won him a record six Project Censored awards for reporting the news American media doesn’t want you to hear.”
Palast’s expose on the Bush family and the two stolen elections turned the American media against him! He could not get his work published in the major American media—you know, that damned liberal media that’s always after a juicy story that make conservatives look bad? He had to turn England and The Observer to get his work published about the rot in the American political process.
“The top investigative journalist in the United States is persona non grata in his own country’s media.”
If this introductory piece by me has you at all interested in Greg Palast, please click on over to the article “SAC Billionaire Steven Cohen Can’t Make His Mommy’s Monkey Jump” and read it in its entirety. Not only Is Palast a good journalist, he is an entertaining writer!