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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (548906)3/5/2004 3:49:34 PM
From: Knighty Tin  Read Replies (1) | Respond to of 769670
 
Jake, She's a crook who used insider information to save herself from losses. However, she herself is not an insider. I think that makes her crime one notch less heinous than somebody actually employed at the company. I've heard "inside information" at least 100 times in my life and if I'd acted on all of it, I would have lost money, net net. Because I wasn't an insider myself and my sources often were morons. Which is why I didn't act on it, along with not wanting to be banned from being a pit boss at this big casino. <G>

It got blown out of proportion because of her ego and her fame. It should have gone, "sorry, I made a mistake" and "here's your fine, Ms. Stewart". Instead, she thought she was above the law and dared the govt. to try to get her. And the prosecutors were having visions of their names in headlines forever, which is always nice for a future political career (ask Giuliani when he took down Drexel Burnham).

Also, you have to remember that the SEC and The Justice Dept. were very embarrassed about the fact that they were caught sleeping while the NY Attorney General hopped on his white horse to protect the American investor (for political gain, but so what?). They had totally ignored the corporate, Wall Street and mutual fund corruption and needed to take the heat off by pretending to be tough with somebody famous.