More margin calls

He who sells what isn't his'n
Must buy it back or go to Prison.
Daniel Drew
Got that off Jesse's Cafe Americain, a more popular blog than mine and very well versed in the works of FED.

(In reference to an officer of LGF) A company spokesperson explained that Burns had pledged the shares, years ago as collateral in a personal structured real estate loan. He reiterating that this was not Burns' decision to sell these shares. The natural comparison is to Sumner Redstone's National Amusements theater chain having to sell $233 million worth of Viacom [VIA 19.25 -0.63 (-3.17%) ] and CBS [CBS 8.80 -0.24 (-2.65%) ] shares to cover a loan.

I guess even the wealthy got a taste of margining off assets. It sure doesn't help the common shareholder though. And what price distortions.