The Official Presidential Debate Thread (Round 2)

[firstdown]

Originally Posted by Sheriff Gonna Getcha

No I hear you, but I don't think some of the worst offenders are going to get off scott free. I guarantee you there is going to be a slew of litigation (both civil and criminal) when the dust settles and I fully expect some heads to roll. For example, the DOJ and SEC are already talking about conducting a criminal investigation into AIG's top management re: misleading shareholders (aka an "Enron suit). Not everyone will be held accountable, but some people will be.

Your right we are going to spend another 10 billion investigating these guys. If I'm correct haven't they allready found that one Co. was holding back info about their current financial strength.

[BleedBurgundy]

Originally Posted by firstdown

Your right we are going to spend another 10 billion investigating these guys. If I'm correct haven't they allready found that one Co. was holding back info about their current financial strength.

There's money I'd support spending.

[Sheriff Gonna Getcha]

Originally Posted by firstdown

Your right we are going to spend another 10 billion investigating these guys. If I'm correct haven't they allready found that one Co. was holding back info about their current financial strength.

I believe both AIG and Lehman supposedly withheld certain "bad" information from shareholders. But they need to investigate who knew what and when, what those people did with their shares, and a whole host of other issues. It won't cost anything close to $10B, but it will likely cost millions and take years to complete.