Top 7 GM execs sell all their GM stock.

[boomerbust]

End of the road for GM. Bankruptcy to follow shortly.

[thewiseguy]

1. Source?

[meegbear]

2. Link?

:shrug:

[phantom power]

3. Wow, there's a vote of confidence.

:eyes:

[boomerbust]

4. Heard on CNBC

Looking for link.

[kirby]

5. Here is a link....

http://www.marketwatch.com/story/lutz-and-other-top-gm-executives-sell-shares

[Soylent Brice]

12. ruh roh...

[Deja Q]

6. Which suggests insider trading; they know something bad will happen so they are selling?

[Cessna Invesco Palin]

8. You need to be an insider to know that GM is fucked? n/t

[hugo_from_TN]

9. LOL - lot of 'insider insight' on this call

I'd be concerned about the mental capacity of any exec that was still holding stock.

[Deja Q]

18. Good point...

The whole concept is a shell game with the card being palmed anyway...

[aquart]

15. Does that mean we can put them in jail?

Because I really need for SOMEONE to go to jail.

[Zywiec]

7. Another link

http://finance.yahoo.com/news/GM-shares-fall-to-76year-low-rb-15215727.html?sec=topStories&pos=5&asset=&ccode=

[Tierra_y_Libertad]

10. No doubt to pay back the taxpayers who gave them the "loan".

On the other hand, they may be cashing in and taking the profits and telling the taxpayers "tough shit".

[thewiseguy]

11. GM shares are going to be worthless regardless of the outcome

Bankruptcy = Shares will be worthless

Agreement with the creditors = Shares will be worth about 2 cents

Conclusion: GM is fucked.

[Zenlitened]

13. It's a buy signal!!! Time to snap up some bargains on Wall Street!!!

/CNBCspeak

:crazy:

[liberal N proud]

14. Selling while they still can get something for the paper.

[endarkenment]

16. F*cked Company = F*cked Country.

This is a watershed event.

"what's good for GM is good for the country". - Charlie Wilson (misquoted but part of our cultural history anyway.)

[AndyTiedye]

17. We Dumped GM When They Did This

Crushed EV-1s

so they could build more of these: