Created Tue 3rd Mar 4:01pm PST by 
rk725
rk725 
Will any American financial executives be charged with causing the worldwide financial crisis?
Background: The bailout of financial companies worldwide has exceeded USD 1 trillion. Many people have lost their jobs as a result, while American financial companies that received bailout money was business as usual, giving out huge bonuses for what they consider a job well done.
The question is whether any executive(s) from any financial companies that received bailout money be charged with this mess. "This mess" also includes giving out bonuses while none is warranted. Bernie Madoff and Allen Stanford and the likes are excluded because they did not receive any government money. (Although if they tried to apply for federal money, they may have gotten it. But that's another story and another question)
The question is whether any executive(s) from any financial companies that received bailout money be charged with this mess. "This mess" also includes giving out bonuses while none is warranted. Bernie Madoff and Allen Stanford and the likes are excluded because they did not receive any government money. (Although if they tried to apply for federal money, they may have gotten it. But that's another story and another question)
Settlement details:As reported by a major mainstream news source, and not before the suspend date.
Category Editor Clarification: For purposes of settlement, the term charged with here means "formally indicted" by grand jury, direct indictment, etc.
Forecast history %
| Yes |
| ||||
| No |
|
Question suspends in 3 years
- Activity: H$29,452 |
- Predictions: 35 |
Comments: 6
Suspend date: Mon 31st Dec 2012 3:59pm PST (3 years to go)
Initial likelihoods: Yes: 50%
Action history:
Created Tue 3rd Mar 4:01pm PST by rk725
rk725
Changed Settlement info Wed 4th Mar 6:15pm PST by 
sqlman![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: show details
sqlman: show details ... not before the suspend date. <br/> <br/> <b>Category Editor Clarification:</b> For purposes of settlement, the term <i>charged with</i> hear means "formally indicted" by grand jury, direct indictment, etc.
Changed Settlement info Wed 4th Mar 6:18pm PST by sqlman: show details
sqlman: show details ... term <i>charged with</i> hearhere means "formally indicted" by grand
Suspend date: Mon 31st Dec 2012 3:59pm PST (3 years to go) details 
Get widget!Predictions (35)
mikeo7b3
predicted No (H$20 at 54%)
predicted Yes (H$20 at 46%)
neopugg
predicted Yes (H$20 at 42%)
ixi_joe_ixi
predicted Yes (H$50 at 42%)
predicted No (H$100 at 58%)Comments (6)
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This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
Slate Magazine 27 weeks ago
compensation and to curb incentives that threaten a company's viability or pose a systemic risk to the economy,' the WSJ writes. Already, the financial services industry appears set to fight the plan. 'What would never work is detailed regulation of
score: 10
Forbes.com via MSN Money 27 weeks ago
the event to grasp its enormity. A vocabulary rich only in euphemisms calls what has happened to the economy a 'recession.' We are well beyond that. We are in the midst of the biggest economic crisis since the Great Depression of the 1930s. It began as a
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Washington Post 27 weeks ago
Liddy said the company has reduced, but not eliminated, the risk its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid. 'The assurance I can give you is we will do everything we can to not require more
score: 10
San Francisco Chronicle 27 weeks ago
Liddy said the company has reduced, but not eliminated, the risk its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid. 'The assurance I can give you is we will do everything we can to not require more
score: 10
Times of India 27 weeks ago
Liddy said the company has reduced, but not eliminated, the risk its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid. 'The assurance I can give you is we will do everything we can to not require more
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They will certainly face moral contempt in the court of public opinion, but I am not sure that any laws were broken that warrant actual charges.
March 5 (Bloomberg) -- New York Attorney General Andrew Cuomo subpoenaed seven people who received bonuses at Merrill Lynch & Co., said a person familiar with the matter.
Cuomo is probing $3.6 billion in bonuses given Merrill employees just before the firm merged with Bank of America Corp. on Jan. 1. Former Merrill Chief Executive Officer John Thain and Bank of America CEO Kenneth D. Lewis previously testified in Cuomo’s office about the bonuses.
http://www.bloomberg.com/apps/news?pid=20601103&sid=awajVuDvlNNw&refer=us
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