PNC had been seeking protection from additional lawsuits related to Saudi Arabia and the Sept. 11 terrorist attacks, and also transactions with Pinochet, industry experts said. In addition to normal regulatory approvals, PNC is awaiting exemptions from the Department of Labor and the Securities and Exchange Commission to mitigate possible financial impact from Riggs' plea agreement with the Department of Justice.
What it looks like to me is that these corporate predators get away with all this shit by seeking immunity after a makeover (changing ownership). Riggs gets a 16 million dollar fine but what is that compared to its overall value?
They should liquidate the damn bank and turn the assets over to the victims of their vile little enterprises.
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
