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(ProPublica)   Rich people get richer off insider trading. But Martha Stewart paid for their sins   (propublica.org) divider line
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    More: Obvious, Bratz, New York Stock Exchange, Law, Knowledge, Barbie, Public company, Lawsuit, Toy  
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2412 clicks; posted to Politics » and Business » on 17 Mar 2023 at 11:35 PM (7 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



38 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
Fano
2023-03-17 11:36:03 PM  
At least she made her own way through hard work
 
ShavedOrangutan
2023-03-17 11:40:04 PM  
It's so weird how people like Martha Stewart and Leona Helmsley go to jail for things a lot of other people do.  Just one of those mysteries I guess.
 
waxbeans [TotalFark]
2023-03-17 11:42:38 PM  

ShavedOrangutan: It's so weird how people like Martha Stewart and Leona Helmsley go to jail for things a lot of other people do.  Just one of those mysteries I guess.


😆 what? The United States is farked like that about lots of things.  Cops can kill people.  Other not so much.  Every thing is ymmv.
Watch more documentaries.  This Nation is inconsistent as fark all.
 
whither_apophis [TotalFark]
2023-03-17 11:45:13 PM  
by making millions through trading on nonpublic information, executives could contribute to the perception that the stock market is rigged to benefit the privileged.

The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
 
astelmaszek
2023-03-17 11:45:46 PM  
If I just obtained a patent to deliver X at 1/4 the cost of my competitors it would literally be the worst business decision in the world to also not short them to deliver my product at 1/5th the cost for a while while I destroy them. It only makes sense. In the long run, I save everyone money.
 
Wine Sipping Elitist [TotalFark]
2023-03-17 11:53:08 PM  
Fark user imageView Full Size


Martha Stewart's mistake was talking to the police/feds/irs agents. The truth won't save you, and they are not required to help you, only gather evidence against you.
 
astelmaszek
2023-03-17 11:57:08 PM  
Americans just don't understand how good they have it. They live some of the most unhealthy lifestyles in the world while lagging on every take care of yourself guidance in the world. If the French lived like we do, under their allowable healthcare expenditure, they would maybe make it to 68 or 69z Nowhere else in the world do you have whales showing up in the ER, with their their ALT in the 500s from on too many bud lights and KFC being offered a liver transplant. They would all be dead under any single payer system.
 
johnny_vegas [TotalFark]
2023-03-18 12:09:05 AM  

waxbeans: ShavedOrangutan: It's so weird how people like Martha Stewart and Leona Helmsley go to jail for things a lot of other people do.  Just one of those mysteries I guess.

😆 what? The United States is farked like that about lots of things.  Cops can kill people.  Other not so much.  Every thing is ymmv.
Watch more documentaries.  This Nation is inconsistent as fark all.


Dude, get a grip and think before posting
 
waxbeans [TotalFark]
2023-03-18 12:12:39 AM  

johnny_vegas: waxbeans: ShavedOrangutan: It's so weird how people like Martha Stewart and Leona Helmsley go to jail for things a lot of other people do.  Just one of those mysteries I guess.

😆 what? The United States is farked like that about lots of things.  Cops can kill people.  Other not so much.  Every thing is ymmv.
Watch more documentaries.  This Nation is inconsistent as fark all.

Dude, get a grip and think before posting


I wish I had a list. Rich people, cops, white men, all get treated differently.  all rungs of American life are rife with unequal treatment.  It's a shiat show.
 
C18H27NO3
2023-03-18 12:13:47 AM  
Harvey Pitt, former chair of the SEC, said it was unwise for corporate officials to bet on the fortunes of competing companies.

Except corporate officials betting on the fortunes of competing companies is precisely how those same corporate officials made a hell of a lot of money.

That's so weird.

/Shut up, Harvey Pitt.  Are you really oblivious to maybe something else going on, you dumbdumb?
 
ShavedOrangutan
2023-03-18 12:18:08 AM  

waxbeans: johnny_vegas: waxbeans: ShavedOrangutan: It's so weird how people like Martha Stewart and Leona Helmsley go to jail for things a lot of other people do.  Just one of those mysteries I guess.

😆 what? The United States is farked like that about lots of things.  Cops can kill people.  Other not so much.  Every thing is ymmv.
Watch more documentaries.  This Nation is inconsistent as fark all.

Dude, get a grip and think before posting

I wish I had a list. Rich people, cops, white men, all get treated differently.  all rungs of American life are rife with unequal treatment.  It's a shiat show.


thatsthejoke.jpg
 
Trocadero
2023-03-18 12:21:59 AM  

C18H27NO3: Harvey Pitt, former chair of the SEC, said it was unwise for corporate officials to bet on the fortunes of competing companies.

Except corporate officials betting on the fortunes of competing companies is precisely how those same corporate officials made a hell of a lot of money.

That's so weird.

/Shut up, Harvey Pitt.  Are you really oblivious to maybe something else going on, you dumbdumb?


This is how I hear that in my head.

morbotron.comView Full Size
 
Stud Gerbil
2023-03-18 12:25:32 AM  
I won't stand for anyone trash-talking Martha.

Fark user imageView Full Size
 
Hyjamon
2023-03-18 12:34:43 AM  

Wine Sipping Elitist: [Fark user image 425x421]

Martha Stewart's mistake was talking to the police/feds/irs agents. The truth won't save you, and they are not required to help you, only gather evidence against you.


Anna Kendrick is no saint either

Never Have I Ever with Martha Stewart, Snoop Dogg and Anna Kendrick
Youtube LmjEjcyQxD0
 
whatshisname [TotalFark]
2023-03-18 12:56:57 AM  
It's a good thing
 
KodosZardoz
2023-03-18 12:57:04 AM  
Last night, I dreamt that I was smoking out with Snoop Dog and some other nameless faceless people. And then I wanted to leave but Snoop kept grabbing me and telling me he wanted me to stay and hang. I think he was hiatting on me. The end.
 
whatshisname [TotalFark]
2023-03-18 1:03:03 AM  

KodosZardoz: Last night, I dreamt that I was smoking out with Snoop Dog and some other nameless faceless people. And then I wanted to leave but Snoop kept grabbing me and telling me he wanted me to stay and hang. I think he was hiatting on me. The end.


Snoop Dog must be an influential figure in your life.
 
6nome
2023-03-18 1:08:47 AM  

KodosZardoz: Last night, I dreamt that I was smoking out with Snoop Dog and some other nameless faceless people. And then I wanted to leave but Snoop kept grabbing me and telling me he wanted me to stay and hang. I think he was hiatting on me. The end.


Sounds like Snoop wanted your "gin & juice".
 
KodosZardoz
2023-03-18 1:28:47 AM  

whatshisname: KodosZardoz: Last night, I dreamt that I was smoking out with Snoop Dog and some other nameless faceless people. And then I wanted to leave but Snoop kept grabbing me and telling me he wanted me to stay and hang. I think he was hiatting on me. The end.

Snoop Dog must be an influential figure in your life.


Not at all. That's the weird thing. Never listen to his music or anything. Last time I saw him on TV was that Eddie Murphy Dolemite movie. And that was a couple years ago.
 
some_beer_drinker
2023-03-18 1:30:06 AM  
gross
 
scalpod
2023-03-18 1:49:47 AM  
What would be the point of it otherwise?

"Rich people driven to poorhouse because of insider trading."
 
GriffXX [OhFark]
2023-03-18 1:55:47 AM  
I was indifferent/negative to Martha Stewart until her Justin Bieber roast. Now I am a fan to the death. I don't care if someone else wrote that bit, the fact she delivered it all straight is gold.
 
Spiritual Pagan [TotalFark]
2023-03-18 2:31:50 AM  
Say what you want about Martha, but she took it like a boss. She didn't beg, whimper or try and cry her way out of it
 
Trocadero
2023-03-18 2:53:10 AM  

Spiritual Pagan: Say what you want about Martha, but she took it like a boss. She didn't beg, whimper or try and cry her way out of it


That's b/c she had to get inside to shiv a specific somebody.
 
DeathByGeekSquad
2023-03-18 3:06:38 AM  
Why are we focusing on celebrities and billionaires, focus on the politicians first.
 
shinji3i
2023-03-18 3:18:05 AM  

Stud Gerbil: I won't stand for anyone trash-talking Martha.

[Fark user image image 640x480]


media.tenor.comView Full Size
 
payattention
2023-03-18 6:03:24 AM  
THIS JUST IN:

Greedy rich people are acting like greedy rich people.

/film at 11!
 
dryknife
2023-03-18 6:32:38 AM  
"It's a racket. Those stock market guys are crooked."

- Al Capone
 
Kit Fister [TotalFark]
2023-03-18 8:01:11 AM  

dryknife: "It's a racket. Those stock market guys are crooked."

- Al Capone


They took out the moon because the rich industrialists couldn't stand the competition
 
Pharmdawg
2023-03-18 9:04:52 AM  
It's a big club, and you ain't in it.
 
OptionC [TotalFark]
2023-03-18 10:27:58 AM  
Martha Stewart was went to jail for lying to federal agents.  She was never charged with insider trading.
 
squidloe
2023-03-18 10:56:41 AM  

Wine Sipping Elitist: [Fark user image image 425x421]

Martha Stewart's mistake was talking to the police/feds/irs agents. The truth won't save you, and they are not required to help you, only gather evidence against you.


Her mistake was lying and obstruction of justice.
 
HighlanderRPI
2023-03-18 11:27:19 AM  
There Can Be Only One Martha

Fark user imageView Full Size
 
psychosis_inducing
2023-03-18 1:10:33 PM  

astelmaszek: Americans just don't understand how good they have it. They live some of the most unhealthy lifestyles in the world while lagging on every take care of yourself guidance in the world. If the French lived like we do, under their allowable healthcare expenditure, they would maybe make it to 68 or 69z Nowhere else in the world do you have whales showing up in the ER, with their their ALT in the 500s from on too many bud lights and KFC being offered a liver transplant. They would all be dead under any single payer system.


Wrong thread, dearie. Also,
Fark user imageView Full Size
 
Izunbacol [recently expired TotalFark]
7 days ago  
The records give no indication as to why executives made particular trades or what information they possessed; they may have simply been relying on years of broad industry knowledge to make astute bets at fortuitous moments. Still, the records show many instances where the executives bought and sold with exquisite timing.

Is this just a matter of filtering?  Did executives make trades with exquisitely bad timing as well?

Even if they didn't look at a spec of information that is not publicly available, they should have the expertise to better interpret the publicly available information, to understand what parts are relevant and what parts are not.
 
Another Government Employee
6 days ago  
This has been going on forever. I've been in a couple of situations as an employee where I have been subject to insider rules and it can be a pain in the butt. But if I want to buy stock from my competitor, the sky is the limit.
 
Spice Must Flow
6 days ago  

KodosZardoz: Last night, I dreamt that I was smoking out with Snoop Dog and some other nameless faceless people. And then I wanted to leave but Snoop kept grabbing me and telling me he wanted me to stay and hang. I think he was hiatting on me. The end.


During the Shutdown I had a very vivid dream about David Bowie.

I've never had a David Bowie phase, never owned an album. When I awoke, I immediately thought of a couple dozen musicians who would've made more sense.

A year later, I found out David Bowie had bought a secluded house to retire in, about a mile or two from my family's house when I was born. And then a lot of odd details in the dream made sense.

Maybe this is a sign you should smoke weed.
Maybe this is a sign that I should smoke some weed right now.

Who am I to argue against a dream's message?
 
KodosZardoz
6 days ago  

Spice Must Flow: KodosZardoz: Last night, I dreamt that I was smoking out with Snoop Dog and some other nameless faceless people. And then I wanted to leave but Snoop kept grabbing me and telling me he wanted me to stay and hang. I think he was hiatting on me. The end.

During the Shutdown I had a very vivid dream about David Bowie.

I've never had a David Bowie phase, never owned an album. When I awoke, I immediately thought of a couple dozen musicians who would've made more sense.

A year later, I found out David Bowie had bought a secluded house to retire in, about a mile or two from my family's house when I was born. And then a lot of odd details in the dream made sense.

Maybe this is a sign you should smoke weed.
Maybe this is a sign that I should smoke some weed right now.

Who am I to argue against a dream's message?


Oh I used to smoke weed.
I still do, but I used to smoke also.
 
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