pansyed

Is the SEC Really to Blame for Bear Stearns?

It seems to me the final regulation should, in large part, sit with directors and senior management. Are they not the people who supposedly know what is going on? Don't they know what the risks are? In all the fuss the directors should be brought forward for their take on the mess. Should they not suffer further consequences?

Regulations are needed but it seems the directors and senior management made money for years and now get to walk away with a lesser amount of money than they could have with proper oversite but still very substantial sums of money. I agree with the previous comment about who made the money when the price was raised from $2.00 per share. Oh to be a fly on the wall.