It did not encourage savings rates, in order to meet its looming demographic time-bomb of pension and senior healthcare liabilities.
More than 200 investors, known as "names", argued that they were fraudulently recruited to become the market's financial backers when senior executives knew that liabilities were soaring.
In a 2010 paper two professors at the University of Minnesota proposed reintroducing personal liability for senior bankers, for all but their last $1m.
It will be run next year in memory not only of Marty, but also of Tom Celic, 43, senior vice president for liability at Marsh and McLennan.
The White House says it believes that Ahmed Wali Karzai is involved in drug trafficking, and American officials have repeatedly warned President Karzai that his brother is a political liability, two senior Bush administration officials said in interviews last week.
Did he get better treatment because of his privileged position?" Every day, new questions are emerging about how the deal to rescue depositors was struck, including the passage of an apparent loophole in the rescue package that could shield senior bank administrators from liability.
The government guaranteed all banking liabilities, including the senior and junior debt of the banks, a promise that has fed a slow burn of anger in Ireland among the many who feel that bondholders, as well as Irish taxpayers, should pay for the bank's excesses.
Citi will acquire Wachovia's assets and liabilities, including the senior and subordinated debt of the holding company, for $2.1 billion.
The extraordinary prospect of senior figures dodging their alleged liability for abductions and torture by deploying the "foreign act of state doctrine" in criminal proceedings emerged during a civil claim brought by Libyan and Pakistani former detainees.
The bank's chief executive for the Americas warned his superiors that the bank's Iranian dealings had the potential "to cause very serious or even catastrophic reputational damage to the group," and to expose senior bank officials to "criminal liability".
