I remember vividly when the CEO crook said back in august on CNBC when the stock closed at $8 that everything was 'OK'. TMA quickly surged to 15 following the pump job, and now look where it is.
I don't think he knew how bad things were gonna get. I think him and some other execs even bought a truckload of stock at high high prices
ROFL LMAO. I just went and looked at insider actions. CEO H Thornburg bought $9,500,000 worth of stock on 10/19/07. Bad call huh boss.
If I were in that business like JPM, Wachovia, or BOA, etc I would consider this an opportunity to acquire some assets @ super discount prices (vulture investing). Yes some of the assets are not worthwhile, but surely there are enough to justify the purchase @ 3%(based on 52 wk high)