Insider Trading, Chinese Style
Regarding the epic financial machinations allegedly practiced by the family of Chinese Premier Wen Jiabao, his supporters can draw consolation from the fact that the Wen family compares favorably to the Bo Xilai family in the matter of financial sophistication, investment success, and in not murdering its financial adviser.
They may also be heartened by the thought that China’s tycoons are achieving parity with the West in best practices of legalized insider trading and self-dealing.
There is another group that definitely feels thrilled and empowered by the New York Times’ blockbuster revelation concerning an alleged US$2.7 billion nest egg possessed by Premier Wen Jiabao’s family.  That group is not China’s dissidents. It is Western print journalists, who feel under siege around the world, and especially in China. The Guardian’s media critic, Michael Wolff, took it to the next level, calling the revelations the biggest thing since the Pentagon Papers: