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Originally posted by Hastobemoretolife
Is it just me or does anybody else think that companies should be forcibly dissolved when they are caught stealing?
This just isn't right, they should be made to pay back the investors and closed.
Originally posted by silent thunder
I've been wondering about all the lawyers in the USA. 50% of the lawyers IN THE WORLD are in the US. A lot of them don't have much business, especially moreso as the economy implodes.
Why don't 500 out-of-work lawyers band together and seek a massive class-action suit against the banks? What do they have to lose, really? Why the heck hasn't this happened yet?
The entire judicial system is asleep at the wheel. The founding fathers gave us a balance of power that involves three branches. We've heard a lot from Congress and the Executive branch but barely a peep from the entire judicial system (not just the suprime court). This should be a field day for the lawyers and judges. There have been so many in-your-face crimes committed that it should be like shooting fish in a barrel for these people. Instead...total silence. I don't get it.
UPDATE 1-Morgan Stanley to settle class-action lawsuit
Tue Jun 12, 2007 7:22pm BST
Hedge fund may realize gold ETFs have no metal
Einhorn's Greenlight Hedge Fund Switches Gold ETF to Bullion
By Saijel Kishan
Tuesday, July 14, 2009
NEW YORK -- Greenlight Capital Inc., the $5 billion hedge-fund firm run by David Einhorn, told investors it switched all of its holdings in a gold exchange-traded fund into bullion during the second quarter.