Friday, March 04, 2005

Who Says Crime Doesn't Pay?

This from the Associated Press:

"For the next five months, [Martha] Stewart must wear an electronic anklet so authorities can track her every move. But she is allowed to receive her $900,000 salary again and can leave home for up to 48 hours a week to work, shop or run other approved errands...

"...Stewart, 63, who also has homes in Connecticut, Maine and the Hamptons, chose the Katonah estate, which she bought in 2000 for $16 million, to be her prison until August."

Dang! How did she do that, again? I just need to get some insider stock tips and engage in some shady trading then lie about the whole thing and *I'll* get sent to my $16 million room where I'll be punished with forced relaxation for five months?

Get my broker on the phone!


Anonymous said...

What she has, and it's a LOT, she made herself. She built Marthadom from the bricks up.

(I do have issues with Marthadom, btw. Afterall, she built an empire on How Much Better she is than me- cooking, decorating, entertaining, and chopping veggies into cool and beautiful pieces of art. But I digress.)

She earned it. She didn't take it from the backs of other people, didn't cheat hard workers of their retirements and their pensions, give them worthless stock in their home company while she bailed with the golden parachute.

She was a powerful woman who was brought down for insider trading. She paid for it. But if the Enron lot doesn't go to prison, if Ken Lay stays on the beach somewhere sipping julips, I'm going to throw eggs.

This rant was brought to you by a liberal feminist who never irons and doesn't own a food processor.

Anonymous said...

Per the first posted comment...
While Martha may have earned a bunch of money initially on her own, she clearly has used her standing and her contacts in the inner circle to grow that fortune in an unfair manner. Each illegal stock trade performed by an insider takes money from us common folk investors and anyone with money in a mutual fund or 401K. Her gain by way of cheating (and it was her standard practice more than a freak one time occurrence) is our loss.

As far as the notion that others who committed worse crimes haven't gone to prison yet, that is just a rationalization - lock them up too!

Justice is too important for it to apply only to the poor.