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To: Jeff Jordan who wrote (10944)6/26/2002 7:47:45 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 17683
 
Martha Stewart......oh no! Flaming popouri LOL,

what's next? Rumors she sometimes orders out dinner on weekends? She uses immigrant children to fold doilies? She once had illicit affair with Elton John? She expenses bat guano as travel expense? Her gardener likes sheep and expenses them as root stimulator? She secretly substitutes margarine for butter? She curses like a sailor off camera.

.....can't wait for the next slipper to drop in this mindless media circus.



To: Jeff Jordan who wrote (10944)6/26/2002 10:39:57 PM
From: Michael Grosz  Read Replies (1) | Respond to of 17683
 
Jeff,

I agree that the amount of money gained or lost by Martha Stewart is trivial when compared to her fortune, but I do believe that the case against her will have a great deal of traction in the media.

Let's face it, she was caught in the act of realizing a benefit reserved for the upper echelon of our society. It may have been a dirty little secret, but when you travel in those circles, there is no doubt that you are privy to what technically qualifies as "insider information".

The principle that I will stand with is that wrong is wrong, regardless of magnitude. Whether you steal $50, or $50,000 (or "mis-classify" $3.8 billion) you are GUILTY. It matters not where your summer home is, or what your net worth may be, wrong is wrong.

Prepared to be deluged by stories about the privileged amongst us who heard it from a friend of a friend's broker that it might be a good time to sell your shares, "BUT YOU DIDN'T HEAR IT FROM ME". At least that's what the brokers will say.

It will make for great television. It also makes for great class envy, and will not help our market situation at all.