Friday, March 4, 2005

Martha Freed.

I really could not stand Martha Stewart until a year ago. I still think she created her empire on the backs of anonomous woman from around the world that actually came up with all the stuff she showed on tv. Like do you really think Leno and Letterman come up with their own monologues? The difference though was that Martha took credit for the work she bought or stole or manipulated as her own, its pretty well established that Leno has a writing staff.

But she went to jail for a whacked out reason, here, she didn't confess or roll over to a crime most of do to some degree every day. Someone told her something before it happened, did something about it then what was supposed to happen, didn't.

Something like this; your getting ready to go into a test tomorrow, a friend back from taking it today says that the essay portion is on apples but saw another stack of tests on the desk with tomorrows date that had oranges as the essay. So you cram for oranges , get your test and its the apples essay.

Marthas stock guy told her the stock was falling, she says sell at this whatever number, well it takes a while to hit that number, she sells, then bammed the floor drops out and stock is in the toliet. They think she had inside info, but during her trial the stock goes higher than the highest it got when she owned it.

Most of her problem was timing. Enron, WorldCom and others were raping the market and their employees. She got lumped in. Difference being that those CEO's and others were getting bad raps for making millions on bad businesses while Martha lost money on the stock she supposedly had inside info on. The government and public wanted a victim and she was it.

Martha kept her mouth shut, like she always has, and for that deserves my respect. If she did get illegal info then she took the rapt like a pro.

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