http://www.therealestatebloggers.com/2006/06/09/acting-director-of-ofheo-calls-for-fannie-mae-restitutions/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.therealestatebloggers.com/2006/06/09/acting-director-of-ofheo-calls-for-fannie-mae-restitutions/comment-page-1/#comment-4584 P Lee Fri, 09 Jun 2006 18:08:15 +0000 http://therealestatebloggers.com/2006/06/09/acting-director-of-ofheo-calls-for-fannie-mae-restitutions/#comment-4584 Our legal system is really out of whack if a company executive can steal millions of dollars from a company and there is no means of recovering it for the shareholders. Bank robbers are sentenced to prison for 20 years for taking $5,000 when there is no weapon used. Apparently executives know that the penalty for their misdeeds will be minor, especially when they can receive a huge life-time pension which transfers to the spouse upon the death of the executive. Is our system set up to make only the criminals without influence, money or power to be held accountable? Our legal system is really out of whack if a company executive can steal millions of dollars from a company and there is no means of recovering it for the shareholders. Bank robbers are sentenced to prison for 20 years for taking $5,000 when there is no weapon used. Apparently executives know that the penalty for their misdeeds will be minor, especially when they can receive a huge life-time pension which transfers to the spouse upon the death of the executive. Is our system set up to make only the criminals without influence, money or power to be held accountable?

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