Martha is going to jail
You have to keep people's faith in the fairness of the stock market. We all know that it's not totally fair, but if the average investor thinks he doesn't have a chance to make money in the market because of fraud, well that's a tone of money our economy would be missing. That and the international investors need to keep their money here. But yeah, she's a sacrificial lamb.
My son ... ask for thyself another internet connection, for that which I leave is too slow for thee
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SeedOfChaos
- Posts: 8651
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Originally posted by schlurpee
That and the international investors need to keep their money here.
THB, I doubt these scandals had a huge impact. Simply because the same type of stuff is going on wherever you look, just usually on a smaller scale, which isn't really all that surprising considering the size of some US corps. *shrugs*
ex-WoW-addict
Hi to All
Martha was found Guilty on 4 Counts, in a Court of Law, presided over by a Judge and a group of Her Peers.
It was held in a forthright manner and she was Represented by the Best Lawyer money could buy.
It appears that the verdict reached was fair and accurate going by the information released to the Public over some time.
The part that stymied the Defence imho was the fact she claimed " She had a Sell Order Standing that was to activate when the Stock reached a low of $60 Dollars "
The problem was at the time of the Calls between her Broker and her decision to Sell that the Stock Price was in Excess of $61.40.
They tracked this back and showed evidence of this being an Accurate account at the time of the Sell Off.
Her Story and that of Her Broker did Not Gel. A falsehood of epic proportions. There was No Defence to this.
Is she a Big Fish, Little Fish, Media Mogul being made a Scapegoat for others...Who Cares!
She was Dishonest in her Statements to a Government Body & colluded with a business Partner to do so. She tried to take Dishonest Advantage of others to merit personal gain.
She placed herself above the Law imho.
To try to justify Others being More Guilty does a disservice to the Law and the People of a community, or Country and the losses they may have suffered.
Do We now judge Guilt by the Size of the Crime, or the Celebrity of the Persons involved?
To do so is to lessen the Law itself imho. We are asked to be hard working & honest Citizens to Our respective Countries and to live as reasonable Men.
The great majority try to follow in that manner, some however feel They are above the Law and therefore the People who support it and cherish its mandates.
When people of High Rank, or Privilege, place themselves above the Laws of their Country they are Twice Guilty imho, as they break a bond of trust given them by the Citizens who have placed their Trust and in some cases Capital in their Keeping.
To erode the Trust of a single Person, or Nation in underhanded dealings and manipulations for personal Greed is a heinous Crime imho and deserving of the Harshest of punishments.
Do i fell sorry for Martha...Not one bit, it was of her own making and Greed.
Do others escape punishment that are perhaps more guilty than she, perhaps?
Sometimes the Courts lack the evidence needed to get the proper outcome, that should not however lessen the Laws attempt to do so.
Just my opinion for what it's worth
-----
regards
minir
Martha was found Guilty on 4 Counts, in a Court of Law, presided over by a Judge and a group of Her Peers.
It was held in a forthright manner and she was Represented by the Best Lawyer money could buy.
It appears that the verdict reached was fair and accurate going by the information released to the Public over some time.
The part that stymied the Defence imho was the fact she claimed " She had a Sell Order Standing that was to activate when the Stock reached a low of $60 Dollars "
The problem was at the time of the Calls between her Broker and her decision to Sell that the Stock Price was in Excess of $61.40.
They tracked this back and showed evidence of this being an Accurate account at the time of the Sell Off.
Her Story and that of Her Broker did Not Gel. A falsehood of epic proportions. There was No Defence to this.
Is she a Big Fish, Little Fish, Media Mogul being made a Scapegoat for others...Who Cares!
She was Dishonest in her Statements to a Government Body & colluded with a business Partner to do so. She tried to take Dishonest Advantage of others to merit personal gain.
She placed herself above the Law imho.
To try to justify Others being More Guilty does a disservice to the Law and the People of a community, or Country and the losses they may have suffered.
Do We now judge Guilt by the Size of the Crime, or the Celebrity of the Persons involved?
To do so is to lessen the Law itself imho. We are asked to be hard working & honest Citizens to Our respective Countries and to live as reasonable Men.
The great majority try to follow in that manner, some however feel They are above the Law and therefore the People who support it and cherish its mandates.
When people of High Rank, or Privilege, place themselves above the Laws of their Country they are Twice Guilty imho, as they break a bond of trust given them by the Citizens who have placed their Trust and in some cases Capital in their Keeping.
To erode the Trust of a single Person, or Nation in underhanded dealings and manipulations for personal Greed is a heinous Crime imho and deserving of the Harshest of punishments.
Do i fell sorry for Martha...Not one bit, it was of her own making and Greed.
Do others escape punishment that are perhaps more guilty than she, perhaps?
Sometimes the Courts lack the evidence needed to get the proper outcome, that should not however lessen the Laws attempt to do so.
Just my opinion for what it's worth
-----
regards
minir
Minir I agree 100% about guilty being guilty and innocent being innocent, it's the disproportionate attention the media has gievn her. enron maybe got 5% the total media coverage marta got. If one company lies to the tune of millions and billions and another to the tune of 50,000 shouldn't the media give each it's appropriate coverage?
Edit-and this disproportionate covergae is leading to us as a nation not dealing with the people who's crimes were truly grevious.
Edit-and this disproportionate covergae is leading to us as a nation not dealing with the people who's crimes were truly grevious.
spec-
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Rig #3-AMD Barton 2500+, Albatron KX600 (via), 1 gig Corsair 3200, Radeon 9600 Pro 128, Seagate 80 gig HD, Antec Truepower 400
Rig #1- AMD XP 2400+, A-Bit KR7A/266, Gainward Geforce3 ti200 64mb Golden Sample, 1GB Crucial DDR, 40 gig WD HDD (7200), XP PRO, Vantec Stealth 420 PSU, Soundblaster Live 5.1
Rig #2- P4 2.4c, Abit IC7 800 FSB /w onboard sound, Radeon 9700 Pro 128, 1 Gig Corsair 3200 XMS, Dual (SATA) 36GB WD Raptor's in RAID 0, XP Pro, Antec Truepower 400
Rig #3-AMD Barton 2500+, Albatron KX600 (via), 1 gig Corsair 3200, Radeon 9600 Pro 128, Seagate 80 gig HD, Antec Truepower 400
Hi Jstyr
I can't argue the disproportionate amount of publicity given to a Celebrity as opposed to a CEO, who is all but unknown to the Public. The Media is their to Sell & Big Names do that, therefore they ride the wave of popularity.
Mad Mikey gets far more publicity than Joe the Pedophile because of his Fame and Name. Does it lessen his crime, i think not.
In effect it is to me a more serious Crime, all facts being equal, as he used his Celebrity and Status to take advantage of someone who had trust in him.
"To those who much is given, much is expected " is an old saying, but true nonetheless.
When a School Teacher, Priest, Rabbi, Boy Scout Leader, or anyone in Authority uses their position to perpetrate a Crime one can expect that They will receive far more publicity than the factory worker down the Street.
The Law in effect gains from this as it reaches a far wider group of people because of the figure involved and therefore brings attention to the general public to be wary, no matter the person.
As to Enron, it i believe is not finished yet. As to the amounts Stolen it should really matter not. A Crime is a Crime. To allow either to go unpunished is in effect sending the wrong message to the Public.
I have much more respect for a Bank Robber than a White Collar Criminal and believe White Collar Crime should get the Harshest of Penalties, because of their position and the trust afforded them.
The Golfing Prisons imho should be closed and they should make these distasteful individuals serve their time in the same Prisons under the same conditions as anyone else.
I myself have little tolerance for these kinds of Crimes and especially the people who commit them. Their terms should be both lengthy and hard imho.
Unfortunately money and position afford these same people the best of defences and Plea Bargaining allows many to walk away unharmed.
As it stands it is the Law and we can only hope that the tolerance for these things starts to grate on the Public and they demand more stringent penalties to those found Guilty.
Have a Good one
regards
minir
I can't argue the disproportionate amount of publicity given to a Celebrity as opposed to a CEO, who is all but unknown to the Public. The Media is their to Sell & Big Names do that, therefore they ride the wave of popularity.
Mad Mikey gets far more publicity than Joe the Pedophile because of his Fame and Name. Does it lessen his crime, i think not.
In effect it is to me a more serious Crime, all facts being equal, as he used his Celebrity and Status to take advantage of someone who had trust in him.
"To those who much is given, much is expected " is an old saying, but true nonetheless.
When a School Teacher, Priest, Rabbi, Boy Scout Leader, or anyone in Authority uses their position to perpetrate a Crime one can expect that They will receive far more publicity than the factory worker down the Street.
The Law in effect gains from this as it reaches a far wider group of people because of the figure involved and therefore brings attention to the general public to be wary, no matter the person.
As to Enron, it i believe is not finished yet. As to the amounts Stolen it should really matter not. A Crime is a Crime. To allow either to go unpunished is in effect sending the wrong message to the Public.
I have much more respect for a Bank Robber than a White Collar Criminal and believe White Collar Crime should get the Harshest of Penalties, because of their position and the trust afforded them.
The Golfing Prisons imho should be closed and they should make these distasteful individuals serve their time in the same Prisons under the same conditions as anyone else.
I myself have little tolerance for these kinds of Crimes and especially the people who commit them. Their terms should be both lengthy and hard imho.
Unfortunately money and position afford these same people the best of defences and Plea Bargaining allows many to walk away unharmed.
As it stands it is the Law and we can only hope that the tolerance for these things starts to grate on the Public and they demand more stringent penalties to those found Guilty.
Have a Good one
regards
minir
As always Minir your a voice of reason in a sometimes unreasonable world. Always a pleasure reading your posts.
Enjoy your saturday,
Jstyr
Enjoy your saturday,
Jstyr
spec-
Rig #1- AMD XP 2400+, A-Bit KR7A/266, Gainward Geforce3 ti200 64mb Golden Sample, 1GB Crucial DDR, 40 gig WD HDD (7200), XP PRO, Vantec Stealth 420 PSU, Soundblaster Live 5.1
Rig #2- P4 2.4c, Abit IC7 800 FSB /w onboard sound, Radeon 9700 Pro 128, 1 Gig Corsair 3200 XMS, Dual (SATA) 36GB WD Raptor's in RAID 0, XP Pro, Antec Truepower 400
Rig #3-AMD Barton 2500+, Albatron KX600 (via), 1 gig Corsair 3200, Radeon 9600 Pro 128, Seagate 80 gig HD, Antec Truepower 400
Rig #1- AMD XP 2400+, A-Bit KR7A/266, Gainward Geforce3 ti200 64mb Golden Sample, 1GB Crucial DDR, 40 gig WD HDD (7200), XP PRO, Vantec Stealth 420 PSU, Soundblaster Live 5.1
Rig #2- P4 2.4c, Abit IC7 800 FSB /w onboard sound, Radeon 9700 Pro 128, 1 Gig Corsair 3200 XMS, Dual (SATA) 36GB WD Raptor's in RAID 0, XP Pro, Antec Truepower 400
Rig #3-AMD Barton 2500+, Albatron KX600 (via), 1 gig Corsair 3200, Radeon 9600 Pro 128, Seagate 80 gig HD, Antec Truepower 400
