EX-HUBBY SAW FALL COMING (Martha)

New York Post ^ | 3/08/04 | JOHN LEHMANN

[kattracks]

March 8, 2004 -- Martha Stewart's ex-husband, Andy Stewart, feared the princess of perfection's long-held habit of telling whoppers would one day trigger her downfall, a former business partner told The Post yesterday. Norma Collier, who was Martha Stewart's first business partner when they started a catering business in Connecticut in 1974, said yesterday that Stewart's self-made disaster was "very sad" - and almost inevitable.

[Cboldt]

I am at a loss about why some of these people, despite being told the facts of this case and the law, are still on here posting misinformation!

SSDD. Information has a way of evolving, truth has a way of coming to the surface, and people who persistently post false or misleading ittems are damaging their own credibility.

[Bonaparte]

Your post 164 is excellent, np. I would only add that, while the 12/01 Imclone decline was inevitable, it was made far worse by the insider dump by Waksal, Stewart, Bacanovic and others. It is that difference, between the more modest loss investors would have sustained without the illegal dump and the loss they took because of it that constitutes the harm. And the theft.

[Dinsdale]

If martha had dropped a dime she would have been cut off from all that lucrative information that she had no doubt traded on for years.

I think a detailed forensic analysis of all her trading history is in order.

[Miss Marple]

Martha Stewart is not a normal person. She was a stockbroker, and knew quite well the rules on insider trading.

Even after she was caught, she was offered a plea bargain which only involved a fine and a suspended sentence, and she refused.

Apparently you think that she is to be forgivien because she is a woman and famous. That isn't how the law is supposed to work.

I find it interesting that you, who have been on this forum for years ranting about how Bush is privileged and gets breaks, are suddenly supporting Martha Stewart. It is amazing that you have decided that she is being persecuted. One might think that your motive is simply to disagree with anything the Bush Administration has done. When the Enron people are on trial, will you support them as well?

[Howlin]

He hates Elizabeth Dole, yet champions Martha Stewart, go figure.

I'm not sure what one is to make of that.

[gg188]

I haven't had time to follow the Martha threads, but I wanted two say things:

1. Martha is (was) worth $1 billion dollars, I believe. Her crime was for the purpose of saving a possible loss of $50,000 dollars.

$50,000 is to $1 billion dollars what $2.50 is to $50,000.

IOW, worrying about saving $50k when you are worth $1,000,000,000.00 is like trying to save $2.50 when you are worth $50,000.

2. Martha's prosecution is in New York. If I remember correctly, Martha was one of the hags who sought out Bill at parties on Martha's Vineyard, etc. Makes you wonder if Hil is exacting some sort of revenge for the old bag wanting to do Bill.

[Miss Marple]

Oh, I know what to make of it. He attacks anyone who supports the President, and supports anyone who is a Rat.

Bah.

[Bonaparte]

"...the 45,000 she kept..."

Just the financial consequences arising from her current conviction and SEC fines are expected to cut her personal fortune nearly in half. Just imagine how much more she may well be losing after conviction in the SEC's upcoming civil action against her. And all because of her unbridled greed, egocentric arrogance and bean-counting miserliness. The world was her oyster and she had more money than she could ever spend.

[Bonaparte]

" She wasn't convicted of insider trading."

There is no such criminal or civil charge as "insider trading." Those who illegally trade inside are convicted of charges arising from that behavior.

"They couldn't even get that charge to a jury."

They didn't want to do that. They elected to try her on the criminal charges arising from her cover-up of the illegal insider trading first because it would then be far easier to convict her of those charges arising from the insider trading itself. Those will be civil charges subject to a lower threshold of proof. And the SEC is, in fact, pursuing that litigation. As soon as the stay is lifted (soon), it will proceed.

"Assuming the worst was true, her acting on her brokers tip isn't insider trading."

It is. And I expect her to be convicted of the charges stemming from it.

[nopardons]

No, Martha was a stock broker for only a few years, she's NEVER had a seat on the NYSE, but she was one of the BOARD OF DIRECTORS of the NYSE at the time she played fast and loose with her ImClone stock and cover-up.

But the rest of your post is spot on! :-)

[Cboldt]

Makes you wonder if Hil is exacting some sort of revenge for the old bag wanting to do Bill.

Heheheh, but I doubt it. Not every bad thing that happens has Hillary!'s fingerprints on it. Occam's razor says Martha got a little greedy, and calculated (wrongly, so far) she would get away with it, one way or another.

[nopardons]

Thanks for adding that;it needed to be said. :-)

[nopardons]

He " hates " Mrs. Dole?

He has libertarian leanings, but is okay with FRAUD?

Can anyone say hypocrite ?

[Bonaparte]

"I am at a loss about why some of these people, despite being told the facts of this case and the law, are still on here posting misinformation! "

Me too. It seems that a witches' brew of emotionalism and Peter Pan libertarianism is at play. Call your broker. Buy Kool-Aid.

On this thread, I've had my work cut out for me, just explaining the bare basics to the Martha lemmings. Things like case law, "constructive" knowledge, the legal force of SEC regs, the quasi-judicial status of the SEC, etc. are concepts unknown to these people.

[Howlin]

Yes, he hates her; she offends he deeply held conservative principles.

[nopardons]

What deeply held conservative principles? I have yet to see him state any on FR, in all the years he and I have been members of this site.

[MississippiMan]

I'm glad you'll feel safer walking down the street minus the threat of your being mugged by Martha Stewart and her posse.

So you're suggesting that any crime that doesn't jeopardize people's physical safety shouldn't be punishable by jail time?

MM

[nopardons]

Actually, Martha Stewarts'neighbors ARE safer, with her off the streets!

Her neighbors in Westport will now have their neighborhood back,sans filming crews and trucks, sans Secret Service men crawling all over the place, sans closed streets and headaches.

Her Hamptons neighbors will be safer still. No more Martha trying to run over their workmen, with her SUV, as she has already done to one hapless fellow!

YOU BET PEOPLE ARE GOING TO BE SAFER, physically, with Martha behind bars!

[Bonaparte]

Thanks for correcting my errors, np. Don't know where I read that she brokered for 20 but a little checking shows she apparently only did so for 7.

[Cboldt]

Listening to O'Reilly on the radio, and a caller is expressing that Martha was not charged with the underlying ImClone sale based on inside information. Even O'Reilly didn't know the SEC has a pending civil case against Martha Stewart. Amazing.

Our media is truly defective.