The Five Dumbest Things on Wall Street This Week

Yet despite the usual corporate practice of resigning from a public company's board if one has violated securities laws, Ginsburg was still hanging around DG Systems. And the company's board, in its wisdom, was in no hurry to push him out the door.

Well, as The New York Times reported earlier this month, a federal judge threw out Ginsburg's conviction. Evidence that Ginsburg could communicate inside information, wrote the judge, is not evidence that he did.

There you go. And heck, DG Systems' shares have jumped 38% since we last wrote about them, up to $1.34. Time to celebrate!

5. Give It a Reset

So when will this AOL Time Warner (AOL Quote) merger get going?

You'll remember, of course, that the company was going to hit the ground running, firing on all cylinders, back when the merger transaction of America Online and Time Warner was closed in January 2001.

Then things were going to turn around when CEO Jerry Levin left. Or maybe when Bob Pittman left. Or when Steve Case said he was stepping down. Or when Ted Turner announced his surprise resignation as vice chairman.

Now CEO Dick Parsons says 2003 will be a "reset year." The real action, we are to understand, will start in 2004.

Don't wake us up when it's over. Wake us up when it starts.