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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by unmole on Monday March 13, 2023 @07:09AM (#35134040)
> Of course, a bunch of them sold shares as they saw the end near

Insiders file 10b5-1 plans with their brokers well in advance to automate the sale of their stock. It's very unlikely that the sales had anything to do with recent events.

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Re:Joint Statement by the Department of the Treasury, Federa... by 542458 on Monday March 13, 2023 @09:15AM (#35135256)
There are lots and lots of ways to use 10b5-1 plans and still trade on insider information, I.e., selective cancellation or trading on longer-term insider info.
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Re:Joint Statement by the Department of the Treasury, Federa... by unmole on Monday March 13, 2023 @09:17AM (#35135284)
In this particular instance, the CEO had ~26 million dollars worth of shares wiped out.
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Re:Joint Statement by the Department of the Treasury, Federa... by cypherpunks01 on Monday March 13, 2023 @09:46AM (#35135658)
In this case, 30 days in advance. So it's much more like a transaction delayed by a few weeks, rather than one planned months/years in advance with no knowledge of how stock price will perform in the future.
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