In the 1955 movie “Rebel Without a Cause,” a popular high school bully goads a disaffected outsider James Dean into a contest of nerves. A variant of “chicken,” it’s a car race to be won by whomever brakes last as the two teenagers speed in the dark toward a cliff, Natalie Wood urging them on.
Likewise, in the run-up to the insider trading trial of billionaire hedge-fund founder Raj Rajaratnam, you can hear the engines revving. The U.S. Attorney’s Office in Manhattan has during the past week unveiled a new indictment with an additional charge against him and announced a guilty plea from a key Rajaratnam co-defendant, Danielle Chiesi. Ordered to do so by a judge, the government also disclosed more wiretap evidence.
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