spandex

The line forms to the left! Read more »

As you’ve likely heard, today marks the first day of the historic Raj Rajaratnam trial, the government’s biggest insider trading case to date. Jury selection kicked off this morning, and while we wait for a few hundred people to answer questions designed to reveal whether or not they have prejudices toward everyone from hedge fund managers, to Wall Street in general, to Sri Lankans to the big-boned, we thought it best to come with a list of character witnesses we’d like to see take the stand. Rajaratnam has already said he’ll speak on his own behalf and Goldman Sachs CEO Lloyd Blankfein is slated to make an appearance as well. But there are some lesser-known names who could probably tell an even richer tale about Raj and we’re just going to put their names out there and hope the universe does the right thing. Some of them would work in his favor and some not but all would add a certain je ne said quoi to the proceedings. They include: Read more »

lululemon-pants.jpgGovernment officials often avoid conflicts between professional obligations and personal finances by divesting company stocks from their portfolios. So it comes as a surprise that, along with the standard mutual funds, Treasury Secretary Timothy Geithner owns a small amount of stock in yoga clothing retailer Lululemon…Turns out, he purchased less than $1,000 worth of shares a few years ago to teach his two children about the stock market, press aide Steve Adamske says. Geithner picked the company partly because of his now college-age daughter’s interest in yoga—and as a hedge against her frequent Lululemon purchases, Adamske says. Additionally, Geithner owns $1,000 to $15,000 worth of IBM (IBM) stock, which he inherited. [BusinessWeek]