Seems like a sound decision. This is not en Enron type of thing where out and out fraud was involved. Bad judgment, perhaps. But fraud. As long as employees were not forced to buy Lehman stock in their retirement plans or told out and out lies about the future of the company (like in the Enron) case, it’s kind of too bad. My 401K took a hit too. I didn’t sell at the bottom like lots of folks did and it has since bounced back above where it was before it headed south. I don’t expect others to pay for investment choices I made unless fraud was involved.
Now what AIG did selling more insurance than assets they had to pay back claims in their credit default swap debacle, I can see them being sued over that. But the government fixed that with the bailout.
Seems like a sound decision. This is not en Enron type of thing where out and out fraud was involved. Bad judgment, perhaps. But fraud. As long as employees were not forced to buy Lehman stock in their retirement plans or told out and out lies about the future of the company (like in the Enron) case, it’s kind of too bad. My 401K took a hit too. I didn’t sell at the bottom like lots of folks did and it has since bounced back above where it was before it headed south. I don’t expect others to pay for investment choices I made unless fraud was involved.
Now what AIG did selling more insurance than assets they had to pay back claims in their credit default swap debacle, I can see them being sued over that. But the government fixed that with the bailout.