that pretty much sums it up.

That said, I noticed he did not mention the union stock holders of GM who were prevented from selling as the stock went to zero.

How many middle class investors do you know that buy company bonds? Tax expempt muni-bonds if you know what you are doing but very rarely corporate bonds. However, the bond holders are always paid back before the stock holders.

So, not only is this guy a nut job, he is a fraud.

by sisco66 on 09/07/2010 11:01:34 PM EST

The top executives and major shareholders were prevented from SHORT SELLING, and selling shares because of inside information [insider trading] for a period of time, not from selling their shares. Preferred shares also have different rules from common shares.

Which day did Faux News have that talking point? 

 

by zenie on 09/08/2010 11:17:37 AM EST

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