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In the debacle that is Bear-Stearns, executives are dumping shares ASAP. The chairman sold everything he had shortly after a new bid for the entity. Something smells fishy here, really fishy. Kind of like the Countrywide mess, where executives sold off massive blocks of stock rigtht before announcing the company needed emergency funding from lines of credit.
I'd really like to see the SEC and DoJ take a long hard look at the transactions. Whether it will happen or not is questionable, given the current presidency.
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03-27-2008, 11:01 PM
(This post was last modified: 03-27-2008, 11:01 PM by Occhidiangela.)
Quote:In the debacle that is Bear-Stearns, executives are dumping shares ASAP. The chairman sold everything he had shortly after a new bid for the entity. Something smells fishy here, really fishy. Kind of like the Countrywide mess, where executives sold off massive blocks of stock rigtht before announcing the company needed emergency funding from lines of credit.
I'd really like to see the SEC and DoJ take a long hard look at the transactions. Whether it will happen or not is questionable, given the current presidency.
Pitchforks, ropes, torches, feathers, tar.
Would that the SEC used such tools.
Occhi
Cry 'Havoc' and let slip the Men 'O War!
In War, the outcome is never final. --Carl von Clausewitz--
Igitur qui desiderat pacem, praeparet bellum
John 11:35 - consider why.
In Memory of Pete
