Brain
Posts: 3792
Joined: 2/14/2007
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Apparently "too big to fail" also means "too big for jail."
AIG Executives Won't Face Criminal Charges - WSJ.com
'Federal prosecutors will not bring criminal charges against current and former American International Group Inc. executives for their role surrounding financial contracts that nearly brought down the insurer about two years ago, according to people familiar with the matter.
The Securities and Exchange Commission hasn't ruled out bringing a civil-fraud lawsuit for securities violations, people familiar with the matter said.
…In the first and only securities-fraud case against Wall Street executives in the wake of the credit crisis, two former hedge-fund managers at Bear Stearns were acquitted at trial after being accused of misleading their investors before their funds collapsed.
http://online.wsj.com/article/SB10001424052748704852004575259240428335282.html?mod=WSJ_business_whatsNews&om_rid=DXn0aN&om_mid=_BL99FDB8JgisCv&
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AIG Executives Won't Face Criminal Charges - WSJ.com - 
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