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No matter how much jail time she gets i doubt it will be like the jail you and i would go to should we ever get convicted of a like crime... the rich and famous get to go to country club jails
since it was a federal crime she was found gulity of, i don't think she will be going to camp kern. i think her next roomie will be Big Bertha with hairy arm pits, and martha will be introduced to her dirty laundry......
Tough call.She's not a threat to society,yet she took advantage of them.Seems by all accounts,she may see jail,though I doubt it will be the same circumstances as everyone else in the system.She will be in one of the better ones I'm sure.Why do people get so greedy when they are very rich to start with?Ego maybe?Her power trip is costing her dearly.It's good to see she wasn't above the same laws we have to abide by.
From the comments of most of you folks , it seems that her biggest crime is being rich. If your broker would inform you that your stock was going to take a dump, how many wouldn't sell. I sure wouldn't just sit around and watch my investment drain away, no matter how rich or poor I was. That would be pretty stupid, and she didn't get her bucks by being stupid. She didn't steal from anyone. People get tips on stock that's going to go up and they make big bucks and that's O.K so why is it wrong to get a tip if it's going to crash? As far as lying, the Justice system is built on lies. How many prosecutors lie to find someone guilty, that's how innocent people end up in prison. I had the misfortune to get a small bit of experience with the system. The cops lied so much I hardly recognized their involvement. I know I'm outnumbered here but that's MHO.
Something like that, people who pull off things like this shouldn't serve jail time- they should just be forced to divide their wealth amongst the people who were affected by their actions. Like the top guys at Enron- all are multi-millionares, make them pay a restitution to everybody who lost their job as a result. Martha? Maybe give money to the stock investors who didn't bail? Or maybe put all that into a government fund for long term unemployment.
Originally posted by Jerrybo66 From the comments of most of you folks , it seems that her biggest crime is being rich. If your broker would inform you that your stock was going to take a dump, how many wouldn't sell. I sure wouldn't just sit around and watch my investment drain away, no matter how rich or poor I was. That would be pretty stupid, and she didn't get her bucks by being stupid. She didn't steal from anyone. People get tips on stock that's going to go up and they make big bucks and that's O.K so why is it wrong to get a tip if it's going to crash? As far as lying, the Justice system is built on lies. How many prosecutors lie to find someone guilty, that's how innocent people end up in prison. I had the misfortune to get a small bit of experience with the system. The cops lied so much I hardly recognized their involvement. I know I'm outnumbered here but that's MHO.
Jerry, I was one of the unfortunate people that had money in the stock market (mutual fund) when it "adjusted" itself over the last 2-3 years. I forget how many hundreds of billions of dollars of personal equity was erased. Then, after wards, you read about these "privileged" investors, CEO's, and brokers who got advance warning and literally luted the companies at our expense. I think Martha was in the wrong place at the wrong time. The American public is fed up with all the Wall Street misconduct and is making an example out of her. The penalty she got is the normal one for her crime, being rich and famous should have no bearing on that. As far as everyone acting like she did, I agree with you, we all would probably have sold our stock, but we all would have broken the law and exposed ourselves to prosecution if caught. I agree with the poster that suggested financial restitution to all the other investors in these cases. Estimate the financial damage and divide their profits among all the other stockholders.
Ford -six I argree with you you have the soltion to this I like the idea of splitting up the wealth. Help out the homeless and the poor with that wealth. Jail would not serve any perpose out of all this anyways. Like Fordfaggiole said she is not threat it is not she is going to rape, kill, rob banks, blowup airliners. I think her stocks will take care of her anyways it was dropping like flys after the vertic was read. I think she will self destruct with out the fed system helping her any more. What this all boils down too is greed.----------------------------------------------------------------
I find it amazing that so many people who support war as an economic benefit, applaud bigger government, and still erroneously label themselves as conservative are clamoring for a non-violent first offender to be imprisoned. Sounds more like hating the rich.
George, I have followed this trial from the beginning and I think the two largest obstacles Martha Stuart had to overcome were the fact that she is a woman, and she holds a position of power. In addition to that, she doesn't seem to be well liked within her industry, maybe again for the previously stated reasons. That said, she was a prime candidate for a public lynching!
Quote: I know I'm outnumbered here but that's MHO.
You are not alone. ANYONE receiving the information she did would unload the stock. Like every one here, I was not in the court room to evaluate the evidence on the other charges first hand, but it appears that the verdict was hardly a slam dunk. I believe she was cought in the glare of recent corporate scandals and, guilty or not, will be made an example. She came to court guilty of being rich, controversial and highly visible - and she will pay a price for that.
Well let's think about this for a minute Martha didn't cause the stock to fall-- The goverment did. Martha didn't tell the rest of the investors to hold onto thier stock these people gambled just like going to the river boat, and lost ( although if they held on they now have all of thier money back plus a profit), next Martha made a grand total of $51,000 yet the investors in her company have lost an estimated $300 million because of the goverment, plus this has cost her millions trying to defend herself, and cost the tax payers several million to prosecute her for the little bit of money she made on the deal, and what did she really do followed a tip from her stock broker that turned out to be correct, then maybe she lied about it, as told by a brokers assistant that was looking at 20yrs in prison for more offenses than Martha was ever guilty of, and because he hung her out to dry he is walking away scott free, on top of that what has Martha done lets see given millions of dollars to several charities, and saved K-mart from total bankruptcy thus saving the people who had money invested in that company from loosing all of thier money (well maybe saving K-mart wasn't such a good thing but who knows), so when is the goverment going to prison because they have cost investers BILLIONS of dollars vs Martha who as far as I can tell hasn't cost a single person to actually lose any money (yes I know the goverment can't go to jail), and all of this will whats his name from enron is still sipping champagne from crystal glasses living in his multi million dollar mansion litterly built with the money of investers, and even if they do prosecute him they will plea bargain it down to one years probation with the understanding that he will not be the ceo of any companies gee forced retirment that must be rough
Originally posted by Jerrybo66 Dono............
Thank you for your support....BTW. are you still going to run for president ? Ya' got my vote. :~)
I am thinking about bringing my campaign back to life after taking a small (ten people) poll last week asking them if they would vote for me. 3 said "NO", 6 said "When Hell freezes over" and my wife is on the fence. That gives me 6 conditional YES votes and a possible - 70%. Since my numbers are better than Dubya and Kerry and I'm better looking than AL, I just may climb back on my soap box.
Let's not forget what the charges were! This is a quote from Martha herself:
"Dear Friends: I am obviously distressed by the jury's verdict but I continue to take comfort in knowing that I have done nothing wrong and that I have the enduring support of my family and friends. "
She was never convicted of anything to do with dumping stock!! She was convicted of conspiracy, two counts of making false statements, and obstruction of justice. So when has lying to the cops (or anyone for that matter) and her other behavior not wrong?
She is like most other rich people. Not all are bad, but most forget the little people they stomped on the way up. I don't hate her or any rich person for that matter. I hate that they think the laws, no matter how trivial, don't apply to them.
As I suggested, hatred of the rich, for a variety of reasons, seems
to be a big factor in the public lynching of Stewart. Her good deeds of charitable contributions, creation of jobs and allowing other investors the opportunity to amass capital were soon forgotten in public sentiment of 'get the rich so they don't have their own laws'. Even though Halliburton's sub was allowed to overcharge our military a million bucks for fuel and pay it back because it was a 'mistake', Stewart takes a fall for a measly $51k. Jealousy and hate are serious words.