Posted on 07/05/2005 10:23:45 AM PDT by NormsRevenge
Since Waksal, who is serving seven years, I believe, was the "insider" it only makes sense that Martha was not going to be charged for "insider trading".
What is pretty obvious is that Martha gained I think fifty thousand dollars by selling stock to investors who would have had no idea that the stock price was going to plummet the next day because of information that Waksal had and Stewart probably heard. You can believe that Stewart only made that money by accident but I don't. If a person expects to make such gains by accident then they need to be up front about what they knew and when they knew it. I wish that you had been the one to buy the stock from Stewart. You might have a different appreciation for the laws intended to protect investors.
You don't believe that Waksal was innocent of wrong-doing, do you?
No one said what she did was the equivalent of the "massive corporate scandals," that's why different crimes warrant different penalties. Spitting on the sidewalk is not the same as first degree murder, either, Martha, but it's still against the law.
Dear garyhope,
"I know she wasn't prosecuted for insider trading, but she engaged in it."
So the federal government would like us to believe.
But they were unwilling to prosecute her for it, I suppose because they knew they couldn't make the case.
As for prosecutors who decide to prosecute people because those people are perceived as "smug and arrogance," to me, that is the real smuggness and arrogance, that the decisions would be based on those perceptions. No one has an obligation to be nice to the feds. Last time I looked, we paid the taxes, they cashed the checks drawn on those taxes.
We are not serfs or slaves, to bow down to our federal masters. If they can't handle someone with an unpleasant personality, instead of immorally using their power to crush such persons, they ought to go do that for which they're qualified - hauling away dog crap.
I truly did not like Martha Stewart before all this began. To me, the worst part of this entire debacle is that the immoral treatment of her by the stupid, power-mad federal prosecutors has actually made me feel sorry for her.
Sorry for Martha Stewart! Argh!
sitetest
Perhaps you misunderstood my reply or I din't explain my self adequately or coherently enough.
I agree with you the government's prosecution of her was arrogant, pointless and wrong and a waste of time and money.
I was talking about the government's motivation to prosecute her, not the validity of their case.
I have mixed or dual feelings about Ms. Stewart. She's a talented and very hard worker who deserves her success due to her hard work, but there may be a certain karmic reaction due to her arrogance or hubris whether you or I agree or disagree with it or not.
I've bought and sold MSO shares and made money on it, so in that respect, I like her.
Dear garyhope,
"I was talking about the government's motivation to prosecute her, not the validity of their case."
It is this to which I was replying.
"...but there may be a certain karmic reaction due to her arrogance or hubris whether you or I agree or disagree with it or not."
That clarifies your remarks. Gotcha.
Nonetheless, the govt buffoons who did this should still all be boiled in oil.
sitetest
Bingo. Judge couldn't have said it better.
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