A domain is not a trademark. If you own a trademark, you can sue the holder of the corresponding domain to get it. The domain grabbing business works not by trademark grabbing, but by offering the domain a little cheaper (and quicker) than the price of the lawsuit necessary to get it after trademark registration. And of course by grabbing non-trademarkable generic domains, especially in the dot com era.
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Welcome to the dotcom bubble. You're describing literally what's going on with the domain parking industry.
A domain is not a trademark. If you own a trademark, you can sue the holder of the corresponding domain to get it. The domain grabbing business works not by trademark grabbing, but by offering the domain a little cheaper (and quicker) than the price of the lawsuit necessary to get it after trademark registration. And of course by grabbing non-trademarkable generic domains, especially in the dot com era.