2009-10-04zerohedge.com

" A back of the envelope calculation indicates that insiders may have sold well over $10 billion worth of their own company's shares in the last quarter alone. Aside from what implications this activity has for claims of the recession being over, as those best familiar with their businesses can not wait to offload their holdings, a larger question is one of propriety, and whether insiders are abusing inside information loopholes, particularly if they are aware of material, non-public information when selling their stock."



Comments:

mahalo guy at 18:53 2009-10-04 said:
Can SOMEONE please help me here?

I'm pulling all my hair out. Permalink

catherine at 21:27 2009-10-04 said:
I remember the last year I was at CW, Tangelo was unloading millions and millions worth of stock. There was a time in that year when tons of people had been laid off AND THE NUMBERS WERE TANKING BUT THAT JULY, THINK IT WAS JULY 06 he ramped up hiring and talked like the market was turning and everything was fine.

He only kept the new people 60 days and then let them go AND hundreds more WITHIN A YEAR but it accomplished his goal of unloading the last of his millions in options.

THE SEC IS DEAD AND NOT WORTH THE PAPER IT IS SHOVELING.

ASK THE MADOFF VICTIMS WHAT THEY THINK OF THE SEC. HOPEFULLY IF THEY HAD ANY MONEY LEFT THEY GOT GOOD ATTORNEYS AND ARE SUING THE CRAP OUT OF THEM.

That is as bad as the RATING AGENCIES GETTING ANOTHER PASS LAST WEEK.............................the fraud is at the top and they are starting at the bottom cleaning house.

But this time IS DIFFERENT AND THEY WILL GET TO THE TOP LAYER EVEN IF IT IS ONLY FOR SOMEONE LIKE CUOMO TO MAKE HISTORY. Permalink

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