The! Biggest! News! of! the! Day! - Not Dell's Earnings, Google 's Accounting or Warren Buffett's Replacement

Here are some of the contenders for today's biggest...news...of...the...day...

• A disappointing earnings report from Dell (DELL)...the computer maker reported earnings of 30 cents a share...Michael Dell is quoted as saying "We are disappointed with the company's results"...
• An accounting dispute at Google (GOOG)...the SEC is questioning how Google accounted for income taxes...
• Word that Warren Buffett is looking for an understudy...
• Color commentary on Dell's current situation...
• The launch of futures and options contracts related to hurricanes...the Chicago Mercantile Exchange's products "will cover five regions: the Gulf Coast, Florida, the Southern Atlantic Coast, the Northern Atlantic Coast and the Eastern U.S"...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - The Century's Big Insider-Trading Bust...according to the article there is an insider-trading saga that:

"involves allegations that hedge funds bought information about impending rating changes on stocks from an executive at UBS, got tips about upcoming corporate mergers from a former Morgan Stanley compliance officer, and paid a Bank of America broker for the right to get shares in hot initial public offerings. There's even a charge that some day traders, who had gotten wind of the alleged activities, were shaking down other traders for money to keep secret their role in the purported insider-trading scheme."

Hold the presses! You mean to tell me that there are underhanded and shady dealings going on with the big boys of the Street? Shocking. I guess no one believed Gordon Gekko what he said "The most valuable commodity I know of is information"