I sometimes wonder when people get caught up in paper crimes exactly what the law is they have violated. Lawyer James Ostrowski traces the law (as created mostly by judges and bureaucrats) that has landed Martha Stewart hot water: Wanted for Outsider Trading.

The actual law (meaning, something passed by Congress) which she violated is minimal. It is rather the Supreme Court's creation of law to interpret the SEC's creation of law interpreting the law passed by Congress, that Stewart has run afoul of.

No comments: