Market Downturn Spurs Involuntary Stock Sales
Business executives admit to selling large stakes in their companies to cover debts to financiers in the latest wave of forced stock sales.
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#1 Oct 16, 2008
More regulation please. I am sorry but human nature and greed will always drive things into the ditch.
#2 Oct 16, 2008
Well, the corporate bigwigs aren't really doing anything illegal, per se; however perhaps it's just not a good idea to buy millions of stocks on credit? Doesn't this parallel how we got into the whole asset-backed security mess?
#3 Oct 16, 2008
I'm sure Joe the Plumber wouldn't have sold his large stakes.
#4 Oct 16, 2008
Joe the Plumber doesn't have large stakes.
#5 Oct 16, 2008
"When company executives sell off shares in an emergency bid to shore up cash, it can stir trepidation among shareholders and spark a dash to dump shares even further."
So does this mean everyone else is going to dump their shares..what do the pundits think?
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