Class Envy Got Martha Stewart

RushLimbaugh.com ^ | 3-9-04 | Rush Limbaugh

[Tanniker Smith]

From (sorry, can't tell you, it's a secret):

Stewart Found Guilty

Bigger insider traders can have
brokers in their control hand
business information to client having
better institutions to channel hundreds --
billions! -- into their clammy hands.
But it comes hard,
bitterly, if the controlling hand
benefitting is that celebrated homemaker,
Martha Stewart.

That about sums it up.

TS

[King Black Robe]

His comment that lying to the FBI was okay as long as she wasn't under oath was just disgraceful. He blames the jurors for not being of the elite class.....therefore.....WHAT, THEY'RE TOO DUMB TO KNOW RIGHT FROM WRONG?

Exactly.

[yankeedame]

Bill Clinton was not on trial in Martha Stewart's case.

Yeah, but Martha Stewart used to run with the BC/Tom-and-Daisy/Hampton crowd and was cynically unsurprised at how few lifted a finger to help her.

=================

"I tried to think about Gatsby (Martha) then for a moment, but he (she) was already too far away, and I could only remember, without resentment, that Daisy (Hillary) hadn't sent a message or a flower.

"Dimly I heard someone murmur,"Blessed are the dead that the rain falls on,"; and then the owl-eyed man said "Amen to that," in a brave voice.

"We straggled down quickly through the rain to the cars. Owl-eyes spoke to me by the gate.

"'I couldn't get to the house'," he remarked.

"'Neither could anybody else'."

"'Go on!'" He started. "'Why, my God! they used to go there by the hundreds'." He took off his glasses and wiped them again, outside and in.

"'The poor son-of-a-bitch'," he said.

"...the taxi drivers in the village never took a fare past the entrance gate without stopping for a minute and pointing inside...

"...those gleaming, dazzling parties...were with me so vividly that I could still hear the music and the laughter, faint and incessant... cars going up and down his drive.

"One night I did hear a material car there, and saw its lights stop at his front steps. But I didn't investigate. Probably it was some final guest who had been away at the ends of the earth and didn't know that the party was over...."

The Great Gatsby,- F.S. Fitzgerald

[Dan Evans]

I don't understand the insider trading rule. How is someone supposed to know if information is public knowledge or not? Does it have to be published in the New York Times? If my broker calls me with information, do I have to search every newsletter and every newspaper to find out if the information is public?

[Dan Evans]

He doesn't know what she was thinking and he's arrogant for suggesting that he does.

But it isn't arrogant for prosecutors and the jury to assume what she was thinking.

[Dan Evans]

If lying during an investigation is illegal, I wish the investigators were required to record those conversations.

I think the lesson that everyone can take from this is that you shouldn't discuss anything with any Federal investigators.

[tessalu]

Let anyone who has never lied, be the ones to cast the stones at Martha Stewart. If this rule were applied, I suspect there would be no stone throwers.

Bill Clinton was a really big liar, and yes, he did it unter oath.

Free Martha Stewart!

[biblewonk]

Who says they did.

[an amused spectator]

I think the lesson that everyone can take from this is that you shouldn't discuss anything with any Federal investigators.

I got into a tussle the other day when I posited the exact same thing. It's also my contention that fed investigators will probably also threaten and intimidate their victims to get them to discuss things. So, Rush's admonishment to leave to the pros (Billary & their courtiers) is right on the mark.

[an amused spectator]

Who says they did.

The post-trial comments of one juror, Chappell Hartridge (Juror Number Eight), say it all: "Maybe this is a victory for the little guys who lose money thanks to these kinds of transactions. Maybe it's a message to the big wigs."

[an amused spectator]

So, juror number eight, did Martha Stewart lie to federal investigators?

j#8: 'Well, I dunno, but she did that insider trading junk.'

Attention Deficit Disorder? ;-)

[ZULU]

Stewart could have be honest with the Feds and she would have gotten a slap on the wrist - nothing more. But she didn't. She lied. She lied because she felt she was somebody special and didn't have to play games with a bunch of Federal gunshoes.

Again, they offered her a plea bargain - twice - which would have spared her the jail sentence. Again, she rebuffed them.

Stewart was never the target of this investigation, Waxman was. Stewart was helped by Waxman when he warned her through her broker. She dumped her stock on some poor schlubs who didn't know better and saved a bug $51,000.

A multi-millionaress or billionairess broke the law and refused to cooperate with a Federal investigation because she wanted to save $51,000 and protect one of her buddies who was probably ALSo a left-wing Democrat like her.

So who does Stewart have to blame? If you or I did what she did, we wouldn't have gotten the high powered legal advice she had and most assuredly we would be doing time.

Stewart is arrogant, crooked and an elitist liberal. She got what she deserved and I hope she gets sent up the river.

Rush is getting sensitive because he's transferring his problems to the situation involving this elitist liberal b#tch and the situations are simply not analogous.

[Howlin]

Rush getting a little nervous?

Frankly, I have been surprised at the revolting diatribes from people who consider themselves as big a "celebrity" as Martha considered herself, or want to be included in that group.

And I think you're exactly right. To me, this reads like Rush doesn't want to be judged by "the little people."

It's quite offensive, IMO.

[Poohbah]

I don't understand the insider trading rule. How is someone supposed to know if information is public knowledge or not?

"The FDA is GOING TO deny approval of this medicine."

It hasn't been formally announced.

"Psst. ABC and XYZ have signed a merger deal. Should be announced tomorrow."

Again, it hasn't been announced.

Does it have to be published in the New York Times?

No, just made public by the company.

If my broker calls me with information, do I have to search every newsletter and every newspaper to find out if the information is public?

Ask him the source of the info. If he gets really evasive, don't act on the tip. If he tells you that he has a "source" at XYZ Corporation who saw the financials that won't be released until the end of the month.

[OldFriend]

One reason why Martha Stewart didn't want to plead to a lesser charge was that it meant she would be guilty of a felony. No person convicted of a felony may serve on a board of a public company.

She took a chance, and had nothing to lose on that point.

I feel no special satisfaction at her fall from grace. Nor do I feel any satisfaction in Rush's fall from grace.

[OldFriend]

Martha brought her lawyers with her when she was questioned by the SEC and federal investigators. It is clear she did NOT tell them that she had broken the law and sold her stock when she learned that Sam Waksal was dumping his stock.

There was nothing they could do for her in the face of that information since if they knew she was lying to the investigators they had a responsibility to stop her at that moment.

[OldFriend]

The one satisfaction I do get in Martha's GUIILTY verdict is that her attorney told the jurors to send John Aschcroft a message and find her innocent.

This little fact was reported in the New York Post earlier this week and is not being mentioned in the rest of the media.

[ConservativeStLouisGuy]

I couldn't agree more....

- ConservativeStLouisGuy

[Howlin]

If he tells you that he has a "source" at XYZ Corporation who saw the financials that won't be released until the end of the month.

Is there some more to that statement? :-)

[Poohbah]

Yes.

If he tells you that he has a "source" at XYZ Corporation who saw the financials that won't be released until the end of the month, don't act on that tip.