To: TheBattman
Thank you for your concise outline of the case, I haven't really kept up with it. Your conclusion of "I would probably dump my shares too" is exactly what I have been thinking.
My question to the learned people of this forum is: What would have been the proper thing for Martha Stewart to do after hearing that her investment was going down the tubes?
84 posted on
03/08/2004 6:13:31 AM PST by
pepperdog
(God Bless and Protect our Troops)
To: pepperdog
Yeah, it is just white collar crime. It ain't like looting a store during a riot.
White collar criminals don't need the distraction of a riot to loot.
To: pepperdog
My question to the learned people of this forum is: What would have been the proper thing for Martha Stewart to do after hearing that her investment was going down the tubes?
Were I in her position, I would have held the shares, taken a small bath on the loss, and reported Bacanovic for passing on inside info.
Avoiding not just impropriety but also the appearance of impropriety is crucial.
92 posted on
03/08/2004 6:49:41 AM PST by
Xenalyte
(I may not agree with your bumper sticker, but I shall defend to the death your right to stick it)
To: pepperdog
What would have been the proper thing for Martha Stewart to do after hearing that her investment was going down the tubes? Well, had I been Martha, and having been a broker, I would have realized that the next action I took could have been illegal.
121 posted on
03/08/2004 8:46:44 AM PST by
Howlin
(Charter Member of the Incredible Interlocking Institutional Power!!!!)
To: pepperdog
What would have been the proper thing for Martha Stewart to do after hearing that her investment was going down the tubes? Well, had I been Martha, and having been a broker, I would have realized that the next action I took could have been illegal.
122 posted on
03/08/2004 8:46:46 AM PST by
Howlin
(Charter Member of the Incredible Interlocking Institutional Power!!!!)
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