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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (352926)	2/3/2003 3:59:56 PM
From: Bill	Read Replies (1) \| Respond to of 769670

... the fines were levied for wrongdoing -- the bank went bust! Boards of directors are responsible for approving the actions of corporate officers. In that context, all Silverado directors were fined, albeit a miniscule amount, for approving the actions of Silverado officers which led to the S&L's failure. These types of penalties are imposed all the time, often on outside directors who lack a full operational understanding of what they are approving at Board meetings. Message 18528828