Sic Transit Martha

 

1. BFD!  Fuck the government.  So someone called her, warning her that this stock she owns is going into the tank. So she sold it.  BFD!

   Lets start fresh.  What’s wrong with acting on information and getting the hell out of a bad situation?  Why should anyone go to jail for bailing out of a burning airplane?  BFD!

   Posted by Oink       03/07/2005  at  11:52 PM  



2. It’s called “insider trading” that’s why it’s a BFD.

   If I owned a large company and had 100,000,000 shares each worth ten dollars and all the 100,000 other shareholders combined owned 900,000,000 shares, that equals a 10 BILLION dollar capitalization.

   Now, assume I was told on the sly that my company was going to take it in the ass because of sloppy bookkeeping.  I sell all my shares and pocket a cool billion dollars just before the market closes.  The next day, as the market opens, the news gets out and shares tumble to $1.  100,000 people have just been wiped out because they trusted me to run a good company.  I make out like a bandit.

   Now do you know why these laws are in place?

   If they weren’t what would keep presdients of board of directors from raping all their shareholders on a regular basis?

   Posted by Vilmar       03/08/2005  at  07:11 AM  



3. You all miss the point here. Before her trial, the media wanted her head. Now they are all falling all over themselves praising her. Utter bullshit.

   Posted by The Skipper       03/08/2005  at  09:03 AM  



4. Sad to see a great mind loose its way.

   Fraud and theft are already illegal.  If you’re not a CEO, or on the Board of Directors, selling your shares when you get a heads-up does not equal jailtime.

   Posted by Oink       03/08/2005  at  10:06 AM  



5. It does if you get the info from the CEO or a member of the board of directors or any other company officer.  It is STILL trading on inside information.

   Now, does that mean she should have gotten the sentence she did?  No, considering the range and depth of other fraud going on.  But she was served up as an example at the height of the big scandals with Global Crossing, Enron and Tyco and her case was more easily and readily proven.

   A victim of poor timing on her part.

   Posted by Vilmar       03/08/2005  at  10:12 AM  



6. OK, so you committed no other crime, but you are “trading on insider information”.  BFD! Why should that be a crime that deserves prison time?  Knowing more than other people is a crime? Or just acting on what you know is the crime?

   Hush Hush Hush—I smell a liberal close by.

   Posted by Oink       03/08/2005  at  10:32 AM  

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