The billionaire Steven A. Cohen was feeling a little depressed - he had just been fined $616 million - so he decided to cheer himself up a little. 'Less than two weeks after SAC Capital Advisors, the hedge fund owned by the billionaire trader Steven A. Cohen, agreed to pay the government $616 million to settle accusations of insider trading, Mr. Cohen has decided to buy a little something for himself. A renowned art collector, Mr. Cohen has bought Picasso's "Le Rêve" from the casino owner Stephen A. Wynn for $155 million, according to a person with direct knowledge of the sale who was not authorized to speak publicly.' (New York Times, 26 March) This obscene accumulation of wealth exists in the same society where kids are starving, dying for the lack of clean water and trying to exist on less than $2 a day. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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