There is something unseemly about the Marthafreude now breaking out all over. But there is nothing unseemly about the verdict. It wasn’t about insider trading. It was about perjury. Perjury matters. If it is allowed to prosper, it will destroy our legal system. All the other comments about this case seem to me to pale beside this obvious fact. Yesterday was therefore an extremely good day for the republic. It was, as Martha would say, “a good thing.”