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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (9605)	3/7/2004 1:32:57 AM
From: Little Joe	Read Replies (1) \| Respond to of 110194

Great article on Soc Sec and medicaid mess. Scroll down the article has the word "entitlement" in the headline sacbee.com Little joe

To: Raymond Duray who wrote (9605)	3/7/2004 8:33:50 AM
From: ChrisJP	Read Replies (1) \| Respond to of 110194

Hi Ray, I think what you're all forgetting is the 1st person they went after was Sam Waksal. This is standard procedure for the Feds to check out suspicious trading. The sales on the Waksal family members probably stuck out like sore thumbs. Back in the 1980's they nailed an IBM secretary for leaking the news of IBM's purchase of Lotus before the information became public. It took a while for them to trace the sales to her information leak, but they did. You heard right -- a secretary. As part of investigating sales by Waksal's family they couldn't help but notice the sale by Martha Stewart. They were obligated to question her about the trade. They did and she lied about it. SHE CHOSE to risk everything over a $200,000 profit. So don't try to pin this on the "evil Feds". What I like about you Ray is you always try to have it both ways. If the Feds have overlooked Martha's transgression, you would have been screaming the loudest that "THIS IS ABSOLUTE PROOF the rules are different for the rich and powerful". But since she did some stuff the Feds couldn't ignore, you get to proclaim that she "wasn't rich and powerful enough." Either way you get to justify your extreme rationalization that anything and everything the goverment does is malicious and wrong ! You sly dog, you !!! LOLOL !!!!! ONE MORE TIME !!!! If Martha has simply told THE TRUTH -- that her broker called her and told her that Waksal & family were selling some shares -- for reasons she had no way of knowing (meaning no way of knowing it was due to insider info) and so she decided in a rash moment to sell too -- there would have maybe been a $500K fine and no trial. Instead she's out a couple hundred million bucks and possibly looking at some jail time. Chris