Post by RS Davis on Nov 15, 2003 7:24:27 GMT -5
[glow=red,2,300]Garry Reed Wrote:[/glow] A friend went to the local libations outlet for a jug of rum. She likes the occasional Cuba Libre. It means Free Cuba. It has a nice ring, and taste, to it. A clerk sidled up and advised against buying the big bottle. Two one-liter bottles together cost less than the 1.75-liter size, and you get an extra quarter liter of booze to boot. So unless this salesperson stood there all day, everyday, informing every customer about this pricing peculiarity, my friend benefited financially from an insider's tip. Should they both be arrested? There's a term for this kind of conniving. It's called "being friendly."
And how do you figure Ed Wallace? He's a local car columnist who covers Detroit's exploits. On September 7, 2003, in the Ft. Worth Star-Telegram, he confessed to "insider" trading when he bought Ford Motor stock because he thinks the new Mustang will be a winner. Why does he think that? Well, because he's a car guy, that's why. He talks to car people. It's his job. He dishes the inside dope on Detroit. Which makes him an "insider." Did Ed Wallace do something illegal? Apparently, he didn't think so. Those ironic quotation squiggles around the word "insider" are his. Most folks would think that he's just doing something called "research."
And how do you figure Ed Wallace? He's a local car columnist who covers Detroit's exploits. On September 7, 2003, in the Ft. Worth Star-Telegram, he confessed to "insider" trading when he bought Ford Motor stock because he thinks the new Mustang will be a winner. Why does he think that? Well, because he's a car guy, that's why. He talks to car people. It's his job. He dishes the inside dope on Detroit. Which makes him an "insider." Did Ed Wallace do something illegal? Apparently, he didn't think so. Those ironic quotation squiggles around the word "insider" are his. Most folks would think that he's just doing something called "research."
- Rick
