Ben,
I don't think the millions of stockholders in this country who constantly lose money in these sort of cases think its nonsense. Coporations make bogus projections, trick normal citizens into buying stock that isn't as firm as they believe it is, and then the CEOs bail out at the right time leaving the little people to lose the money. I don't think the martha stewart prosecution is bogus, i'm glad we caught an exec breaking the rules and trying to cover it up ... it's you and i who normally pay the price.
I'm also behind this conviction because Martha had the chance to plea it down to a fine and some other minor penalties. The only reason she is going to jail is because she thought she could get away with the whole thing. I have no sympathy for people who believe they are above the law.
jrkiv said this in post #31 : Ben,
I don't think the millions of stockholders in this country who constantly lose money in these sort of cases think its nonsense. Coporations make bogus projections, trick normal citizens into buying stock that isn't as firm as they believe it is, and then the CEOs bail out at the right time leaving the little people to lose the money. I don't think the martha stewart prosecution is bogus, i'm glad we caught an exec breaking the rules and trying to cover it up ... it's you and i who normally pay the price.
I'm also behind this conviction because Martha had the chance to plea it down to a fine and some other minor penalties. The only reason she is going to jail is because she thought she could get away with the whole thing. I have no sympathy for people who believe they are above the law.
I will take it one step further. Our legal system needs to
abandon the lets make a deal by plea bargaining. You do the crime you do the time based on the findings of the U.S.A jurors.
In this case I am kind of glad that Martha's stubbornness prevailed resulting in her refusal to admit guilt of any kind.
It is amazing how intelligent Martha Stewart is suppose to be but yet she cannot comprehend the slightest error in judgment that resulted in her taking the wrong action in regard to the financial transaction she had done. Companies are helping her to understand what she did was wrong big time
03-10-2004 11:23 PM
