Taki: Why is Steve Cohen still getting away with seven billion big ones? 

If, according to a Viennese wit, psychoanalysis is the disease that calls itself the cure, then Steve Cohen’s deal with the US government is the highway robbery that calls itself justice. In brief: Steve Cohen is a bald Wall Street hedgie whose $18 billion fund, SAC, has scored Madoff-like returns over the past 20-odd years. Cohen is a secretive kind of guy whose first wife blew the whistle on him because of his lack of generosity towards her. (Funny how cheap guys never learn. Always be nice to your ex.) Out of the 18 billion big ones Cohen manages, nine are his own, having piled them up over the past 20 years along with some very serious art — expensive that is, a collection a vulgarian like him might be expected to own.

Cohen’s company’s name is SAC, and 11 of his former employees have been charged by the government with insider trading.