Quote:
Originally Posted by KSig RC
Should the FBI find fraud, what would happen? What would change?
It's not like the government can recoup enough money to make a difference . . .
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Any officers who were complicit in any sort of fraud scheme would have violated their fiduciary duties to the corporation and would be civilly accountable and probably criminally accountable. Right?
Other than that, I doubt that Congress second guesses bailing any company out. The issue is not the wrongful or stupid conduct of the decision-makers (at least half of that seems to be conceded), the issue Congress should be interested is what happens if the bailout doesn't happen.
On another note, I think this will all shut the people up (or it damn well should) who were in favor of deregulation of the securities industry due to the belief that the "free market regulates itself" (I believe that's a direct quote from Ron Paul).