tag:blogger.com,1999:blog-1194375569044391746.post5956843257269586376..comments2024-03-29T02:00:55.623-04:00Comments on Corporate Justice Blog: A.I.G. Off the Hook?Steven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1194375569044391746.post-41917941881413072452010-01-18T18:53:47.043-05:002010-01-18T18:53:47.043-05:00The events that have taken place over the last two...The events that have taken place over the last two years are indeed a travesty of the practices and principles of members within our financial industry. With AIG leading the pack, their efforts to come from beneath the scrutiny of the federal government, as well as the court of public opinion by simply repaying the bailout funds should in no way allow them to pass-through unscaved. Repayment should be only the beginning. At the time the funds were lent, all requests from the federal government and investigatory bodies for the emails, related documents and similar memorandum regarding their lending of financial products and derivatives trading processes should have been complied with immediately, Period. Notwithstanding that this process is long and daunting, we should all have more explanations on the table and under review than we currently do. I’m not sure where the regulators and enforcers of these requests are placing their efforts, but more pressure should have been and must continue to be applied to AIG and the like; many want answers…and an even number need solutions. The article highlights and I agree; that as time escapes us, bringing the truth forward regarding the incidents and indiscretions that led up to this massive collapse will soon be far from anyone’s reach. Allthewhile, the savvy architects of the less than ethical practices remain unaccounted for. While vital, a great deal of the focus has been towards salvaging what “global economy” we have left, but similar efforts are needed on the fact-finding, as well as solution building end of this trail. I will end with saying that our regulatory bodies and we, as the consumers must also take a look at our actions and how we can strive towards healthier and more realistic financial decisions.Lindsae3https://www.blogger.com/profile/01162835674305943910noreply@blogger.com