Lehman Brothers filed for bankruptcy September 2008. This was a major part of the economic meltdown during this time period. A court-appointed examiner, Anton Valukas, has found that they used accounting gimmicks to hide the fact that they were billions of dollars in debt and totally insolvent weeks before they even filed for Bankruptcy.
If a person or persons walk into a bank and take money that is not theirs they will be sentenced to jail. This is called bank robbery and it is a crime. Will Lehman Brothers CEO at the time, Dick Fuld, be found guilty of a crime? This same report declares that he was not criminally negligent.
Here is my question. If the CEO in charge of running the company is not guilty of a crime where lying and cheating was taking place not to mention theft, then who is? There is something seriously wrong with a legal system that will sentence a 16 year old kid to 30 years in prison for selling drugs when a 50 year old executive guilty of no less of a crime is not even charged.
The Biggest Bankruptcy in Modern History – Now What?
Lehman Brothers filed for bankruptcy September 2008. This was a major part of the economic meltdown during this time period. A court-appointed examiner, Anton Valukas, has found that they used accounting gimmicks to hide the fact that they were billions of dollars in debt and totally insolvent weeks before they even filed for Bankruptcy.
If a person or persons walk into a bank and take money that is not theirs they will be sentenced to jail. This is called bank robbery and it is a crime. Will Lehman Brothers CEO at the time, Dick Fuld, be found guilty of a crime? This same report declares that he was not criminally negligent.
Here is my question. If the CEO in charge of running the company is not guilty of a crime where lying and cheating was taking place not to mention theft, then who is? There is something seriously wrong with a legal system that will sentence a 16 year old kid to 30 years in prison for selling drugs when a 50 year old executive guilty of no less of a crime is not even charged.