fpw Wrote:I believe that was Imus. He said he was investing in Sirius because Stern would be on and Mel Karmazin would be in charge. The stock rose a few points (but a good % since the price was < 10).
However, the SEC couldn't charge him because he bought his shares after the increase and didn't profit from it.
Actually, Howard Stern was/is under investigation. The SEC requested to speak to the editor of 'Steppin' Out' Magazine and Stern show regular. This is a person who regularly gets his information wrong and my gut reaction is he said something factually incorrect that started the investigation. I just looked it up and it's a big coincidence from what I've skimmed from this article:
http://money.cnn.com/2005/02/19/news/mid...tern.reut/
There's another senator who has fallen in with Stevens by the name of Joe Barton, I think. I don't think it's a coincidence that his eleventh biggest contributor is Clear Channel Communications, former syndicator of Howard Stern and biggest radio station owner in the country (they have reported a 4 billion dollar loss since firing Stern).
I really see what Ken Valentine was saying a while back. Senators and Representatives should go back to having real jobs and not being involved in politics as a full-time career. They are too open to influence and not really representing people. They are representing corporations and religious institutions.