Market Downturn Spurs Involuntary Sto...

Market Downturn Spurs Involuntary Stock Sales

There are 5 comments on the story from Oct 16, 2008, titled Market Downturn Spurs Involuntary Stock Sales. In it, reports that:

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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Lenni, PA

#1 Oct 16, 2008
More regulation please. I am sorry but human nature and greed will always drive things into the ditch.

Lenni, PA

#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

Lenni, PA

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

Jackson, NJ

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

Lenni, PA

#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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