Zeev's Turnips Patch-No Politics (ZEEV)

[nature boy]

Forbes- Why Wall Street Could Go To Jail... 19-Jan-09 01:49 pm A list of "misleading" statements from execs (AIG, FNM,BSC...)from recent (catastrophic) corporate failures. ex. "Our liquidity and balance sheets are strong...We don't see any pressure on out liquidity, let alone a liquidity crisis." - Bear Stearns CEO Alan Schwartz to CNBC on March 12, 2008. -- Less than 36 hours later,,,Sought Emergency funding from Federal Reserve on March 13, 2008, and then sold to JP Morgan. NO active SEC / DOJ inquiry. (?) -- SOX "rules"...an exec who certifies an inaccurate report 10 years jail / $1 Million fine ... an exec who "willfully certifies" a false statement 20 years jail / $5 Million fine. - So what happened? http://money.cnn.com/galleries/2008/fort...