[JLS]

Also, when Enron came tumbling down, weren’t those at the top held responsible?

1. You did not mention those at the top with AIG, but rather a group of 25 employees.

2. Enron execs who hid what they were doing from stockholder and put losses off the books were held responsible for those actions, fraud. Are you alledging that here?

A business failing is not a crime. It happes every day in the US during expansions and during contractions.

[Arizona Carolyn]

That’s right and we should have let AIG fail — oops, that’s right, the government allowed them to grow to the point they were too big to fail... that is where my issue is, this business of letting companies suck up companies and more companies until they all tumble or we have to bail them out... look at BofA buying Countrywide and more... till they, like Citi all needed a bailout of their own.

[Cedar]

I mentioned the 25 just out of shock that those few were responsible for the entire meltdown. I figured those at the very top (CEO and others?) were the ones who kept the 25 “off limits.”

I know Enron was fraud. In this case, with the risk management team forbidden to monitor the 25, I just wondered if shareholders would consider that enough for a lawsuit.

Again, I’m just asking to understand the situation better myself. These are questions I have after hearing the testimony. But not knowing business law myself, I thought I’d get answers here.