Will ex-AIG bosses go to prison?
Grand jury to review AIG Financial Products leaders' role in collapse
Will ex-AIG bosses go to prison?
Hey everyone who's been asking whether anyone's going to prison for wrecking the financial system:
The Wall Street Journal says prosecutors in Brooklyn are gathering a grand jury to review whether American International Group Financial Products' top trader (and, we hope, the folks he reported to):
A) lied about the true and alarming low value of the questionable financial arrangements his firm made with most of Wall Street and large chunks of corporate America; or
B) was just unlucky in mispricing contracts and sparking the massive government intervention that drained taxpayers and helped blow up the credit and equity markets, grinding business to a halt and throwing millions out of work?
Story here.
You would think so! But I have yet seen one person held responsible for this crisis! How bout the Regulators turning a blind eye to the fact that these people leverage themselves to the hilt? How bout 287 representatives supporting H.R.1207 to audit the FED but can't get it out of commitee because Barney Frank & Pelosi are well aware of the crooked activity going on at the Federal Reserve! Who's looking into Goldman Sachs and how most of there losses were covered thru the AIG Bailouts? Or How U.S. Treasurers Paulson & Geithner (former Goldman Sachs executives) bailing out just about all of Wall st except for Bear Stearns & Lehman Bros. who just so happened to be Goldman Sachs two big competitors? Not One person has been arrested for the a crisis that has cost the American Taxpayer Trillions of dollars in bailouts and lose of wealth! The list just keeps going on & on!— hexyscores
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