Facebook IPO - Lessons learned?

[merrylander]

Originally Posted by whell

29 USC § 1109 - Liability for breach of fiduciary duty

Do you see anyone being arrested? Almost impossible to prove was it a breach of duty or simply poor judgement.

[whell]

Originally Posted by merrylander

Do you see anyone being arrested? Almost impossible to prove was it a breach of duty or simply poor judgement.

This statue brings liability for civil penalties, not necessarily criminal penalties. There have already been lawsuits filed in this case.

[piece-itpete]

"If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These are not, you know, tellers or something. We today have zero convictions, zero indictments, zero arrests of any of the elite, non-prime lenders that, through their fraud, drove this crisis."

http://www.pbs.org/moyers/journal/04232010/profile.html

Pete

[noonereal]

Originally Posted by piece-itpete

"If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These are not, you know, tellers or something. We today have zero convictions, zero indictments, zero arrests of any of the elite, non-prime lenders that, through their fraud, drove this crisis."

http://www.pbs.org/moyers/journal/04232010/profile.html

Pete

exactly

[d-ray657]

Originally Posted by piece-itpete

"If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These are not, you know, tellers or something. We today have zero convictions, zero indictments, zero arrests of any of the elite, non-prime lenders that, through their fraud, drove this crisis."

http://www.pbs.org/moyers/journal/04232010/profile.html

Pete

That is criminal.

Regards,

D-Ray

[CarlV]

Originally Posted by d-ray657

That is criminal.

Regards,

D-Ray

Indeed it is.


Carl