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Resource ID: #19851
Subject:Stocks And Bonds
Source:San Jose Mercury News West
San Jose Mercury News reports that "insiders at 40 companies took home $3.4 billion from selling their stock even though their company's value fell at least 99.5 percent from what is was at the height of the boom. It was a remarkable transfer of wealth from the pockets of thousand of anonymous investors into the wallets of executives and directors who won even when their companies lost."