Market Downturn Spurs Involuntary Stock Sales

Oct 16, 2008 | Posted by: findingDulcinea_KED | Full story: www.findingdulcinea.com

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 - 5 of 5 Comments Last updated Oct 16, 2008
William

East Orange, NJ

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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.
Economista

East Orange, NJ

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#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?
McMillin and Son

East Orange, NJ

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#3
Oct 16, 2008
 
I'm sure Joe the Plumber wouldn't have sold his large stakes.
McSorely

Morganville, NJ

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#4
Oct 16, 2008
 
Joe the Plumber doesn't have large stakes.
Louise

East Orange, NJ

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#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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