Sunday, October 11, 2009
Where are they now, indeed?
Read this. Seems more UK bankers got the boot than those blue chip Wall Street counterparts who tend to get off easy. Hank Greenberg of AIG book cooking notoriety paid off his multibillion crime with only a $15 million fine. None of the Goldman Sachs folks were remotely touched by the law. In fact, "Government Sachs", as its current nickname indicates, is ever more powerful. None of the Board members had been called to the carpet. Lesser firms are less fortunate. The bankrupt Bear Sterns, never considered blue chip, will see some of their former staff hauled into court. Madoff is already in prison. You can be sure no Princeton, Yale, Harvard graduates will be in jail.