First you haven't provided proof that 20,000 people were sued. When you provide that then I will listen.
His number may be pulled out of the air but his point is valid. Directors will get sued. Especially directors in banks because they often personally approve loans. There is so much money on the table in this case that he will get his wish. The directors will have insurance for their acts and wealth. The lawyers for the creditors (just like the federal gov't RTC) are charged with recovering as much as possible from all sources. They will have to sue the directors.
I doubt though that auditor selection will get them anywhere.
The primary reason for this subpeona probably has more to do with getting the fact AA was the "auditor of record" on the record than anything else.
Also... does a President sue anyone?
And even if that is in the President's job description, is it in any way believable that Poppy Bush would "maliciously" sue his own son, Neil?
However, I do like his assertion that Directors were sued, whether or not there was indication of guilt
Ive never believed that a Bush son could have been guilty.