Re: Martha Stewart and her Merrill Lynch Broker

From: Lee Daniel Crocker (lee@piclab.com)
Date: Thu Jun 05 2003 - 15:22:03 MDT

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    >> I see no compelling reason for legislation in this matter. If
    >> stock markets that contractually restrict insider trading are
    >> better than those that don't, then they'll succeed in the
    >> marketplace. If they don't, then the legislation is counterproductive.
    >
    > Yes.
    >
    > Stewart is facing criminal charges and looking at possible prison time
    > for doing what any intelligent person might have done under the same
    > circumstances (excluding her alleged obstruction of justice after the
    > fact, which I don't condone).

    Actually, she's charged /only/ with the cover up, not the underlying
    insider trading; which is itself something of a dubious proposition. 

    -- 
Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lee/>
"All inventions or works of authorship original to me, herein and past,
are placed irrevocably in the public domain, and may be used or modified
for any purpose, without permission, attribution, or notification."--LDC

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