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Post# of 749756
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Bizreader

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Bizreader

Re: peewee post# 194112

Saturday, 05/01/2010 12:46:52 PM

Saturday, May 01, 2010 12:46:52 PM

Post# of 749756
Sheila Bair has stated several times on TV that investors are supposed to take the biggest hit when a bank goes down. However, the SEC doesn't fully agree according to this artilce! http://blogs.wsj.com/bankruptcy/2010/04/30/sec-attorney-scrutiny-of-chapter-11-cases-increasing/

How about the ownership and management taking the biggest hit and the shareholders on even ground with solid proofs of claim?

eom

http://www.sec.gov/complaint/selectconduct.shtml

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