Insider Trading - Did the UAW Tell its Member to Short GM Stock?

The UAW has been in the news quite a bit in the last couple of years as they shut down Delphi and then Delphi closed 25 automotive parts plants. Then we watched our TV sets as many Democrat Candidates offered promises to the UAW and thus secured their endorsements. Now we see the UAW at an impasse with General Motors over long disputed health-care costs and the health-care for retired UAW workers, as the costs have skyrocketed.

Many UAW workers have shorted General Motors stock and some financial analysts are asking why, why now? Did the UAW tell their workers to short the stock, knowing that they had no real intention of negotiating with the GM executives and health care providers? If so, which many are now speculating, then is that considered insider trading? Since very little case law exists in such things and since this hurts all the shareholders, is a crime being committed or are the employees and former employees "in the know" trading on insider information?

If the employees and Union Members are allowed to short the GM stock then why can't its executives or the company short its own stock? Well, we know that executives and companies cannot short their own stock, so does this mean that those in close circles with the Union or all UAW workers should not be allowed to short the stock either or buy stock in advance of a negotiated deal that is good for the company? In the future new case law will decide these things, right now some are asking if the UAW tipped off investors or if they told union workers to short the GM Stock. Time will tell, they won't.

"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington

AP - Lenders are boosting their attempts to avoid home foreclosures, but fewer than half of loan modifications made at the end of last year actually reduced borrowers' payments by more than 10 percent, data released Friday show.

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