The biggest banks being sued for the largest amounts are being attacked because they now own companies that may have committed fraudulentacts before they were acquired by their current owners.
The battered witness has made the connection between Lay's passive management, Skilling's unceasing efforts to make the numbers, and the systematic, fraudulentacts that contributed to the second-largest bankruptcy in U.S. history.
The evidence of criminally fraudulentacts during the period leading up to the failure of Bear Stearns, Lehman Brothers, Washington Mutual, and the constructive failure of other financial institutions like New Century from 2007 to 2009 abounds.