[Tulsa Ramjet]

any senior officer with any of these companies need to be transitioned out, or thrown out, if these companies are being bailed out by the govt, aka american people. Obviously, they didn't understand or care what they were doing, and they should be awarded for it? Questions?

[al baby]

I think they all should be investigated and if they broke the law should be tried and convicted and sent to jail Im old fashioned I guess

[Thumper1960]

Perhaps financial terrorism should be a recognized crime and these execs, no matter their positions, be executed for their economic crimes and for being grossly immoral, greedy bass-scats.

[Mike Darancette]

Lehman’s is NOT being bailed out by the US Government they went bankrupt. They are being bought by other companies, If Barclay’s bank is stupid enough to pay them so be it. But maybe we can seize it eh?

[Ciexyz]

This is all too big for me to understand.

[Texas Songwriter]

RICO Laws. Influence and Corrupt Organization laws. Federal and state laws designed to investigate, control, and prosecute organized crime. 18 U.S.C.A 1961 et seq. Both criminal prosecution and civil action may be brought under RICO statutes. Federal RICO laws prohibit a person from engaging in activities which affect interstate or foreign commmerce, including: (1)using income received from a pattern of racketeering to acquire an interest in an interprise through a patter of racketeering:(3)conducting or participating in the affairs of an enterprise through a pattern of racketeering; and, (4)conspiring to commit any of the above offenses. To establish a prima facie RICO claim a civil plantiff or prosecutor must allege the existence of seven elements: (1)the the defendant (2)through the commission of two or more acts (3) constituting a pattern (4) of racketeering activity (5)directly or indirectly invests in, or maintains an interest in, or participates in (6) an enterprise (7) the activities of which affect interstate or foreign commerce. !* U.S.C.A 1963. Now, I am not a lawyer, but it seems to be a perfect description of what has happened...Raines, Johnson, Cuomo, and on and on.

The Justice Deptartment needs to have a fire lit under them to begin such investigation. I understand that under RICO statutes their property, on indictment, can be seized. This could make them want to cut deal and tell prosecutors where the congressmen are culpable. It seems that nothing less than this kind of shakeup could yeild anything more than the coverup which you described earlier.

[Cold Heat]

We have a thread on this already, but to repeat myself....

This division was the crown jewel of Lehman Brothers. It made money up until the last day. It never failed the company. the bonus cash was a set-aside for the exact purpose intended. Bonuses earned.

Barclay's bought this knowing it takes people to make it work. people are assets in this business and you don't screw them.

And I doubt they will.

[svxdave]

It is my understanding that money transfers up to a year before a bankruptcy can be “backed out”. This is done so that someone can’t transfer money that should go to creditors.

I can’t see how so called bonus money isn’t something like an improper transfer but then the bankruptcy laws were changed with big help from Joe Biden on behalf of his constituent big banks in Delaware so maybe bonus payments are excluded.

[freeangel]

“transitioned out, or thrown out”????

How about jailed?

[wolfcreek]

If this were you or I and our creditors (and/or the courts) found out we were sitting on $2.5 billion while filing for bankruptcy..................

[VlPu]

Not as bad as it seems
http://www.google.com/search?hl=en&q=illuminati+jokes+rogue+trader

[ChurtleDawg]

2.5 billion dollars? unbelievable

[wtc911]

Lehman’s moved all funds in London back to the US before filing leaving its EU employees no way of getting paid. The Brits are a but pissed off at this.

[WayneS]

Put them ALL on the GS Schedule.

If MY taxpayer $$ pay their salaries, the LEAST they can do is be paid like Federal employees.