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Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (17485)	7/15/2002 2:49:09 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 21057

Does it look suspicious? Yup. The guy was on the board's audit committee. They're supposed to watch the guys who do the numbers. If he says that he didn't know, you got to conclude: - -he's lying, or - -he was totally asleep at the switch, or - -if you switched his brain with a potato, no one would know the difference. That being said, he did file on time the first set of papers with the SEC to do the trade. The guy sells his wad just before a major loss is announced. The deal is superficially investigated and quickly cleared by an agency where close associates of the person involved and his family hold prominent roles. Wasn't the report that said there was insufficient evidence to press the matter put out by Clinton's SEC? If so, that would appear to be a bum rap. Clinton would hardly clear any Bush. I remember him saying that only a fool would trade without inside information. Smart guy. Understands markets well. :-) The insider trading laws are relatively new. They date back to the Great Depression. During that Roaring Twenties and that run-up to the Great Crash (which looks so much like what we're going through now), insider trader was accepted and expected. Nobody seemingly questioned it; they just wanted to be one of the insiders. And that was the case through 150 years of stock market history prior to that. The purpose here is not even to get Bush tossed out. It is simply to weaken him. And it is being done by precisely the same people that objected to this being done to Clinton. Some on this thread have admitted it is simply vengeance they are after.