Dale’s entry about the Bill Frist stock sale reminds us that the application of the law often is political in nature. “Insider trading” is not well defined in the law, which serves the purposes of prosecutors and the SEC. The larger issue here, however, is not that Martha Stewart was investigated (and charged with a crime) and Frist has not been charged (as of yet), but why we charge people with this “crime” at all. Yes, if Frist gets the same treatment as Martha Stewart, it might be a sort of “rough justice,” but actually the rule of law is … Continue reading Insider Trading: A Political Crime