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Originally Posted by Danzig
but isn't the fbi investigating many of these firms now? i'm thinking enron-type prosecution for those responsible...or at least, one can hope.
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Enron was about the executives cashing in their company stock at such a rate that the employee's stock was about worthless. This Savings and Loan stuff isn't about ripping off their employees. It's about knowingly making bad loans, and it was widespread. Anytime something is widespread, the punishment isn't as interesting to authorities. I doubt they punish these people for their greed. Matter of fact, they can't wait to pass this bill, and pay them for their bad loans.
09-29-2008, 06:24 PM
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