November 30, 2022

Martha Stewart a Scapegoat, Distraction

Martha Stewart is being used to distract us, the victims, from the lack of prosecution of those responsible for the dot-com stock scandals.

“Look, we’re doing something!” crows the SEC. And yes, she probably did trade on inside information. That happens every day. If we prosecuted everyone who did so, we’d have more white-collars in prison than dope-dealers.

Where, though, are the cases against investment bankers who fraudulently hyped stocks of worthless companies and colluded with technology CEOs and other Wall Street insiders to leave ordinary investors holding the bag?

Let’s don’t watch them go after Martha with one hand. If we do get distracted, the other hand will slap these real criminals on the wrist and let them get away with it.

marc

Marc is a software developer, writer, and part-time political know-it-all who currently resides in Texas in the good ol' U.S.A.

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