Nobody seems to know at this stage how the $815 billion corporate bailout will actually work. Thus far, the indications are that it may not slow down the already deepening recession. The jury is still out as to the long-range effect. Hopefully, it will work in time. But regardless of how you feel about how the President and Congress dealt with the economic crisis that came very close to taking our Nation into a depression worse than that of the Hoover days, there is still much work that must be done. Chief among that work is a sweeping criminal investigation to find out who all should bear criminal responsibility for causing this mess. Those corporate executives who caused the meltdown of our financial institutions and the sub-prime lending industry should be prosecuted in the criminal courts and any person who has broken any criminal laws should go to jail.
Even if the criminal laws were not violated, no executive who led us into the meltdown of the housing and mortgage industries, and the virtual collapse of our economy, must be allowed to keep any of their ill-gotten gain. Hopefully, the Congressional investigations that have started, as well as those by the SEC, FBI, and Justice Department, will be serious and aimed at finding out what actually happened – who caused it – and then making sure those causes don’t happen again.
Contact us today for a free legal consultation with an experienced attorney.
Fields marked *may be required for submission.
If you would like to subscribe to the Jere Beasley Report digital edition, simply visit our Subscriptions page and provide the necessary information or call us at 800-898-2034.
Attorney Advertising - Prior results do not guarantee a similar outcome.