NY Times: Martha Stewart Lying!
In today's NY Times they state that the assistant, Douglas Faneuil to Marth Stewart's stockbroker was ordered to warn Martha that the founder of ImClone Systems was selling large amounts of stock in late December. Mr. Faneuil has told prosecutors that he objected to the order but that the stockbroker, Peter E. Bacanovic, insisted. In addition, he told prosecutors that an explanation for Ms. Stewart's sale of nearly 4,000 ImClone shares on Dec. 27 was concocted after the fact. Wow, the bitch is going down!! I hope the FBI arrests her and makes her do the perp walk.
It's about time that the focus be shifted from scum sucking execs and CEOs and the light shifts to greedy individual investors, who's greed is part of the problem. This greed, is what the mainstream media seems to not talk about. Sure, billions of dollars were lost in the recent scandals, but half of that could have been prevented by investors who's focus was long term value investing, instead of profits now approach. They have not accepted any of this responsibility. It's not their brokers job to do all their prospectus reading for them, brokers are there to make recommendations and set investing goals, not to do all the research and reading for greedy, lazy ass Americans.
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