New Zealand Local Weather Forum
General Category => General Discussion => Topic started by: Sara on April 01, 2012, 09:45:46 AM
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The four from Lombard have received their sentence, "Community Service". What a joke. It will probably be done in some cushy little outfit not out with the naughty boys doing manual work. It is like being slapped with a wet bus ticket. What about all the little people that lost their life savings and have had their retirement seriously compromised. I bet the Lombard Four have not had their savings diminished. One rule for the average person and one rule for the white collar crims. SHAME! Wish I could join the "Boy's Club". Yeah right.
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I have seen quite a few letters to the newspapers supporting these guys (!!!) - to me, they were either criminal, or at least criminally negligent. Retire on a good pension, put feet up and pick up director's fees for doing nothing but attending the odd meeting. But there's a warning for future board members and directors caught in this sort of thing - they will do time. NZ is still the land of the cowboys when it comes to the stock market and financial regulation, but things are starting to change.
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I agree Robert. It's about time for things to change. The support these people have had probably come from similar white collar clubs. I still feel very sorry for all those who lost money.
Now Hanover executives are in the firing line. Aboiut time!