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"They showed me the stocks and bonds that were being liquidated".
Construction had come to a halt, thrifts were being liquidated, and stricter lending standards were being applied.
Dealers said one or perhaps two funds were being liquidated, both short and long positions, leading to huge price movements in a range of stocks.
"My dad was an engineer in the paper mill machinery business, and he'd get these auction fliers for machine shops or paper mills that were being liquidated," recalled Mr. Stafford, who still lives in Watertown and now runs the company.
Similar(52)
Solyndra is being liquidated.
Keystone V is being liquidated.
The fund was dissolved and is being liquidated.
They were told, he said, that the business was being liquidated.
Suprema, a Paterson, N.J., cheese distributor, declared bankruptcy in early 2002 and is being liquidated.
But Goldman denied the fund - or indeed any of its funds - was being liquidated.
The anarchist group in whose ranks he had fought, the poum, was being liquidated on Soviet orders, and his name was on the list.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com