Exactly.
They made an example of her, to teach those uppity, mouthy women who wouldn't keep their mouths shut in the kitchen.
I seem to be a little out of the loop on the history here. What happened to her?
She sold $230,000 worth of stock in a biopharmaceutical company after executives tipped off friends and family about a key drug they were researching failing to acquire FDA approval. After news became public, the company's stock fell.
She was sentenced to 5 months in prison, 5 months of house arrest, two years probation, and recieved a 5 year ban from serving as an executive of a public company, and a fine of $195,000. She has also been denied entry into other countries like Canada and the UK for being a convicted felon.
https://en.wikipedia.org/wiki/Martha_Stewart
Read the section "Stock trading case and conviction"
For the record, the term "Insider Trading" is being misused in many posts to describe what Trump did with the tariff rug-pull. He manipulated the markets in an illegal way, just like how Elon has been sued by the SEC/FTC for making (usually) misleading/false public statements to cause changes in the price of his stocks.
Market Manipulation - deceiving investors by artificially distorting the market (like by causing mass investor panic by threatening to destroy the US economy and start a global trade war).
Insider Trading - making stock trades based on privileged/non-public information because you or someone close to you knows something privileged about a company.
So, Trump did what Elon did, but for every US-listed stock (and most globally listed stocks too). I think it might be the largest securities fraud in the history of the stock market.
Making trades based on undisclosed information about tariffs could potentially be insider trading though.
Insider Trading - making stock trades based on privileged information because you or someone close to you knows something privileged about a company.
Wouldn't "I know exactly what tariffs are going to be imposed and when" be privileged information? Especially when everyone knows that the market will crash as soon as they do it?
It isn't technically privileged information - that's generally understood to mean confidential information that is legally protected so that it does not have to be given to the public. What we're working with is information about the actions the manipulator is taking to illegally manipulate the market.
It's called insider trading as the trading is being informed by someone on "the inside" who knows something about (typically) legitimate business, generally for one company or an industry, the general public does not. Examples are new developments, earnings results, impending lawsuits, etc.
Edit: it's early, I bungled the first paragraph so it got a rewrite.
Well its both in this case. Trump is manipulating the market, and his close allies are doing insider trading.
Nvidia and Apple stock both jumped like ~18% a day before the WH announced their tariff exemptions
She doesn't receive a pass because a bunch of asshole Republicans are openly doing it now. Everybody that's breaking the law should be punished as the law dictates. I don't know what's so fucking hard about that
I don't think the argument is that Martha should get a pass. The argument is why aren't other rich white privileged assholes like her subject to the the same or worse punishments? I don't know if the law stipulates for it at all, but to do this kind of shit as a politician with the power to manipulate markets and the violation of public trust is so much more egregious in my mind.
When did she get a pass? She went to jail. Now, she may not receive the same treatment as everyone else, but she was convicted and she went to jail. That's hardly a pass and is way more than these assholes have experienced. What's more, she isn't doing it anymore (as far as I have heard).
