http://biz.yahoo.com/law/080929/6f5cfcf84e13c020e141a4461f0594f5.html?.v=1
The bailouts only serve to screw "The People"
in more ways than one. It stops the lawsuits or complicates them so that the perpetrators get off scott free just like Enron!
They committed Securities fraud and should be prosecuted!
They are hoping the bailout will stop the prosecution!
None have answered the charges yet brought against them by investors!
And they won't either with Hank's help!
"The People" just get ripped off twice!
With no Justice served!
The bailouts and bankruptcies of some of Wall Street's most prominent financial firms could hinder the claims of plaintiffs who have filed shareholder lawsuits against those companies.
Also, attorneys warn that shareholder actions face much greater difficulty than those filed against Enron Corp. and WorldCom Inc.
This month's bankruptcy of Lehman Brothers Holdings Inc., the $85 billion loan to American International Group Inc. (AIG) and the bailout of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) have, in some cases, put a temporary freeze on the dozens of shareholder lawsuits filed in recent months against those companies.
None have answered the charges yet brought against them by investors!
And they won't either with Hank's help!
"The People" just get ripped off twice!
With no Justice served!
While most of the companies have not responded to the suits, which generally allege securities fraud and breach of fiduciary duties, many defense attorneys anticipate that plaintiffs could have a difficult time blaming specific companies and their individual directors and officers for what could be interpreted as uncontrollable economic forces that caused the unprecedented collapse of so many firms.
