By Harlan Protass
October 16, 2008
If the most recent string of financial scandals has taught us anything, it's that some guy in a suit is going to end up behind bars whenever Main Street loses on Wall Street. Just ask Charles Keating, Michael Milken, Jeffrey Skilling or Bernard Ebbers. The fallout from the ongoing market meltdown is shaping up no differently.
The public wants heads, and pressure is building to hold top-level executives accountable for the crisis that has crippled the nation's financial system and will cost taxpayers billions. In the last two weeks alone, federal investigators have opened probes into four companies at the epicenter of the current financial debacle—Fannie Mae, Freddie Mac, Lehman Brothers and American International Group. And a series of former chief executive officers and senior executives from the nation's fallen financial giants have been dragged before Congress for unseemly "show-trials."
Full Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment