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Home » Store » News » Questions Surface on Insider Trading at Seattle

Questions Surface on Insider Trading at Seattle

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Lawmakers in the Senate are keeping a close eye on whether board members at the Federal Home Loan Bank of Seattle dumped stock in the troubled GSE because of information regarding lower dividend payments that was not available to the general public. Seattle repurchased shares from three institutions last October, a month before third-quarter results were released that showed the Bank’s quarterly earnings had dropped 53 percent from the same period in 2003. According to…
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