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[forde]

I keep reading that in the united states you will discover lots of measures being introduced, by a variety of events, against lender experts. With this aspect the lake, there is rage, but hardly any danger of motion(even though I have only noticed a radio commentator claim that a quantity of them must certanly be arranged against a wall with no blindfold or probably a last smoke...) Can somebody give me a quickly summary of whois acquiring action against whom, making use of what kind of achievable charges and difficulties, please? I do not know if the insufficient scapegoating this is a social problem, or perhaps a answer of a variety of possibilities... I am curious.Thanks as generally, gang.

[crisdean77]

I'm not up to date on what is at present happening with these bank executives but I know some thing that is not taking place sufficient but Should happen.All these CEO's and bank executives and men and women of the very same ilk are not punished nearly sufficient for their reckless and devastating actions and they require to be spending extended periods in prison for the misery they have brought on.

[Chayim]

[banys]

Here's an fascinating article on a very current development:http://blogs.wsj.com/washwire/2008/10/07/obama-says-aig-execs-ought to-be-punished-for-spa-trip/These individuals must be lined up against a wall without a blindfold or cigarette.

[ashbey15]

kymlor said: 3 The "party" the AIG execs threw themselves on taxpayer money is NOT ILLEGAL, but merely in POOR TASTE.. NOBODY ever went to jail for poor taste..I would think the worst of the wall street bums should be prosecuted for something. If only to set an example..Our governement is apt to nationalize at least some of the banks.. Then they will be employees of the government, and the government can then set it's own rules of acceptable conduct.. 63 months ago

[Claybourne]

Bluefreedom said: 1 I'm not up to date on what is currently happening with these bank executives but I know something that is not happening enough but SHOULD happen.All these CEO's and bank executives and people of the same ilk are not punished nearly enough for their reckless and devastating actions and they need to be spending extended periods in prison for the misery they have caused. 63 months ago

[Deshi]

We are an excessively litigious society. Few, if any, of these actions will ever see any resolution in the courts. It's just an American's way of telling someone you don't like what he did.I'd let them have a last cigarette. But I wouldn't give them any matches.

[Minyomi]

After the election, you'll probably see more government action.  In some cases, certain entites have already "settled" with government agenies in exchange for more cooperation into deeper investigations.  For instance, the Washington Post reports that Fannie Mae has avoided criminal charges related to its accounting.  The executives are still on the hook and under investigation(probably more after the election on them).  The immunity is only from government entites and not private parties.   Sam Buell, the former federal prosecutor who spearheaded the 2004 prosecutions does not believe there will be too many individuals under the chopping block in this case; the matter is just too big.  Still, the country is looking for someone to point the finger at, so watch for someone to be sacrificed.  According to the financial rumor blogs, there are about 100 stock brokers out there who engineered this and knew exactly what they were doing.  Watch for anoher book like "The Smartest Guys in the Room," in which some detail will be given as to who these people are -- I'm afraid if the rumor is true, there will be a few folks going to the "Steel Chateau" instead of Aspen this Winter.   No one wants to be seen as partisan, so for the time being, most of what's being done is at the private level.  For instance,  a Ney York firm, on behalf of investors, brought a class action suite against, Merrill Lynch, Pierce, Fenner & Smith Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Securities LLC, Wachovia Capital Markets LLC, Stephen B. Ashley, Daniel H. Mudd, Stephen M. Swad and Robert J. Levin in the United States District Court for the Southern District of New York.   The lawsuit claims that these entities concealed information necessary to investors to make a reasonable decision about the stock.  In effect, the suit alleges fraud.  I suspect that public opinion being what it is, and justice not always being blind, the shareholders will be vindicated and these companies will be required to pay something.   Finally, though nothing is being done at present, there are folks like financial guru Suze Oreman who are clamoring for prosecution of executives, but that just has not happened yet and probably will not for several months.  After November, things will heat up.  American, generally can only do one thing at a time, and right now, we're busy hating each other over our selection for president.  Once that battle is over, we'll get back to the business of running the country.