Wednesday, November 19, 2008

Poor Mark Cuban

Flamboyant Dallas Mavericks Owner/ Billionaire Mark Cuban was recently indicted by the Feds (SEC) on charges of insider trading. Read SI's take on the charges HERE. The SEC thinks Cuban used some "insider knowledge" to dump some stock before in order to avoid a $750k hit.

Amazingly a large segment of sports talk radio has Cuban's back. Seems they feel that poor Markie is being "picked on" or "targeted" by the SEC because he is a high profile guy. That the SEC is trying to make an "example" of Cuban. I'm not sure why the SEC's motivations are relevant here, but let's assume sports talk radio is correct. My response? So what!?!? Cuban (allegedly) cheated and is (allegedly) guilty. The fact that he is so rich that he didn't need to cheat makes it all that much worse. Why shouldn't the rules apply to Cuban? They should and good for the SEC. To those who defend Cuban: I just don't get you.

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