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"A comprehensive, collaborative elections resource."
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Free Martha Stewart! by Harry Browne
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Candidate
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| Contributor | 411 Name Removed |
| Last Edited | 411 Name Removed Oct 11, 2004 02:01am |
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| Category | Commentary |
| News Date | Wednesday, June 4, 2003 06:00:00 AM UTC0:0 |
| Description | On Wednesday, the Securities & Exchange Commission filed suit against Martha Stewart for allegedly using inside information to sell her stock in ImClone before it fell in price. And the Justice Department indicted her for activities stemming from the alleged insider trading. If found guilty, she could face 30 years in prison.
Being against insider trading is like being against sin or being for apple pie. No decent, God-fearing, patriotic American wants to see insiders take advantage of honest investors.
Unfortunately, apple isn't one of my favorite pies, and I'm not even sure I'm against sin. So I can't seem to get myself worked up about insider trading.
Railing against insider trading is consistent with the great American philosophy: "If you don't get what you want, sue somebody." Whatever happens, don't take responsibility for your own life. Investors shouldn't have to think for themselves, and they shouldn't have to feel responsible for their investment losses. There are evil people out there who took advantage of them. |
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