Reactions to story from guardian.co
Boss of Lehman Brothers left squirming as veteran Democrat roasts him over pay
http://www.guardian.co.uk/ business/ 2008/ oct/ 07/ lehmanbrothers.banking
Boss of Lehman Brothers left squirming as veteran Democrat grills him over multimillion-dollar pay
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Fuld of Lehman Brothers Squirms under fire, defends his nearly Half Billion compensation
http://www.dvorak.org/blog/?p=27058Fuld of Lehman Brothers Squirms under fire, defends his nearly Half Billion compensation Published on October 7th, 2008 Posted by McCullough in Scams, crime
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Boss of Lehman Brothers left squirming as veteran Democrat roasts him over pay | Business | The Guardian
http://bsubra.blogspot.com/2008/10/boss-of-lehman-brothers-l...Boss of Lehman Brothers left squirming as veteran Democrat roasts him over pay | Business | The Guardian Boss of Lehman Brothers left squirming as veteran Democrat roasts him over pay | Business | The Guardian: "'Your company is bankrupt, you keep $480m. Is that fair?'" Posted by Boston Bala
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The financial downturn has another side to it
http://blogs.thetimes.co.za/somethingtodo/2008/10/16/the-fin...#50. Be momentarily amused by some responses to the world’s financial institutions falling apart - between the shock and awe. The first time was while reading The Guardian’s front page story a few days ago on the showdown between Lehman Brothers’ chief executive Richard Fuld and the chairman of the House oversight committee on Capitol Hill, Henry Waxman.
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The financial downturn has another side to it
http://blogs.thetimes.co.za/somethingtodo/2008/10/16/the-fin...The financial downturn has another side to it 16 October 2008, 07:45 GMT + 2 1 comment #50. Be momentarily amused by some responses to the world’s financial institutions falling apart - between the shock and awe. The first time was while reading The Guardian’s front page story a few days ago on the showdown between Lehman Brothers’ chief executive Richard Fuld and the chairman of the House oversight committee on Capitol Hill, Henry Waxman.
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The Best Articles from the Top Sites
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Lehman Bros. Head raked over coals
http://abramnichols.com/blog/?p=1637Yeah, it’s fair. ‘Cause I say it’s fair, that’s why. I’m the CEO of a major corporation…oh wait. Link: ‘Your company is bankrupt, you keep $480m. Is that fair?’
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The Wall Street ‘Economic 9/11′ Will Cost Americans More Than The Bin Laden 9/11
http://www.allamericanblog.com/2008/10/08/the-wall-street-ec...The Wall Street ‘Economic 9/11′ Will Cost Americans More Than The Bin Laden 9/11 Posted by admin under General No Comments Submitted by YOUR NEW REALITY By Darryl Mason It’s now a once in a lifetime Global Financial Apocalypse. A few months ago, a Wall Street player interviewed on late night news laughed at the idea of the Dow Jones dropping below 10,000. When pushed, he admitted that it dropping below 9000 wound be mind-shattering for him, psychological waterboarding for him and his co-workers on America’s most hated and despised street. So how far does the stock market have to fall before Bush shuts the markets and declares a week long bank holiday? 8000? 7000? How many times must we hear the ‘experts’ - who were so knowledgable and confident when the Big Lie of Endless Prosperity was successfully covering up the awesomely grim truth about the state of American and global finances - now tell us “We don’t know what’s going to happen next…” ? What do you mean you don’t know? It’s your fucking job, pal. That’s why you’ve been allowed to call yourself an Expert. You’re supposed to know. You can’t just sing the praises of deregulation and globalisation and ‘compassionate capitalism’ when everything appears to be pikkity-boo, and then throw up your hands and shrug contemptuously as the the true scope of the staggering deception of your make-nothing-of-value industry is revealed. There’s a lot of grinding outrage, genuine disgust, and borderline calls, demands for blood-spilling revenge against those who fleeced America, and are now fleecing the UK, Europe, and trying their hand at fleecing Russia and China (less sucessfully, of course). Americans are angry. Far angrier than when they found out that BushCo. had lied them into the War On Iraq. To save the world from a population decreasing Greater Depression is a mighty task, but to calm the masses will be even harder. And take longer. There’s a turgid atmosphere of distrust and blind fury soaking through people all over the world today, as they count up their losses, and realise with a shudder that just like their parents, and their grandparents, they too have been royally fucked and swindled. “We don’t know what’s going to happen next…” They sure don’t. So why trust any of them when, in a few years time, these same clowns start singing once more that “now we know again!”? It’s almost beyond belief that nobody has been arrested yet, particularly in Washington, and on Wall Street. How can that Lehman Brothers vampire walk away from the mess he helped create without being forced to give back even some of the many tens of millions of dollars he’s been paid, for doing a completely shithouse job? Why does he get to walk away, to either his $22 million New York apartment, or his $18 million estate, while almost everyone else in the country is limping, wiped out? The financial scouring Richard Fuld helped to unleash will cost the American taxpayer, and their grandchildren, far so much more than the 9/11 attacks. Probably hundreds of billions of dollars more. Another few thousand American families will become homeless in the next week, and yet Fuld just walks away, troubled only by the presence of much greater security than he had last month. And if you think Americans are angry, you should see the fury in Germany, in Japan, in Russia. Americans think, ‘Yeah, maybe we got fucked.’ The rest of the world knows it got fucked over, and will be fucked over some more in the days and weeks to come, before The Calm returns. They will want blood spilled. Americans may be doped up enough on religion, sex and TV enough not to start dragging half billion dollar executives from their beds by flaming torch light, perhaps, but the rest of the world, particularly Asia, will want to see those fuckers pay for their crimes, and the pain they’ve unleashed. This is a graph of the Dow Jones controlled demolition this past year : The Economic 9/11 looks even worse when you see it over two years : Unprecedented ‘World Economy’ Co-Ordinated Rates Cut - But Markets Still Fall Britain Pours Hundreds Of Billions Into Its Failing Banks Tokyo Slammed By Near Ten Percent One Day Stock Market Decline China Tells Australia Its Export Boom Will Continue, China’s Demand For Resources Will Protect Australia From Worst Of World Recession Where Did All That Money Go? IMF Predicts Losses Of $1.4 Trillion Americans Retirement Dreams Shattered - Pension Funds ‘Lose’ Estimated $2 Trillion In Days Rush On Gold Bars And Coins In Germany Leads To Shortage China Sends A Loud Clear Message To US - Dodgy US Economic Policies Shredded In Chinese State Newspaper The Global Recession - Asian Stocks Plunge Forget Near Worthless American Dollar, Russia Says, Why Not Trade In Roubles? Visit 1800blogger to see all of our industry leading blogs. Rating 3.00 out of 5 [?] Wed 8 Oct 2008
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http://yournewreality.blogspot.com/2008/10/wall-street-econo...
The Wall Street 'Economic 9/11' Will Cost Americans More Than The Bin Laden 9/11 By Darryl Mason It's now a once in a lifetime Global Financial Apocalypse. A few months ago, a Wall Street player interviewed on late night news laughed at the idea of the Dow Jones dropping below 10,000. When pushed, he admitted that it dropping below 9000 wound be mind-shattering for him, psychological waterboarding for him and his co-workers on America's most hated and despised street. So how far does the stock market have to fall before Bush shuts the markets and declares a week long bank holiday? 8000? 7000? How many times must we hear the 'experts' - who were so knowledgable and confident when the Big Lie of Endless Prosperity was successfully covering up the awesomely grim truth about the state of American and global finances - now tell us "We don't know what's going to happen next..." ? What do you mean you don't know? It's your fucking job, pal. That's why you've been allowed to call yourself an Expert. You're supposed to know. You can't just sing the praises of deregulation and globalisation and 'compassionate capitalism' when everything appears to be pikkity-boo, and then throw up your hands and shrug contemptuously as the the true scope of the staggering deception of your make-nothing-of-value industry is revealed. There's a lot of grinding outrage, genuine disgust, and borderline calls, demands for blood-spilling revenge against those who fleeced America, and are now fleecing the UK, Europe, and trying their hand at fleecing Russia and China (less sucessfully, of course). Americans are angry. Far angrier than when they found out that BushCo. had lied them into the War On Iraq. To save the world from a population decreasing Greater Depression is a mighty task, but to calm the masses will be even harder. And take longer. There's a turgid atmosphere of distrust and blind fury soaking through people all over the world today, as they count up their losses, and realise with a shudder that just like their parents, and their grandparents, they too have been royally fucked and swindled. "We don't know what's going to happen next..." They sure don't. So why trust any of them when, in a few years time, these same clowns start singing once more that "now we know again!"? It's almost beyond belief that nobody has been arrested yet, particularly in Washington, and on Wall Street. How can that Lehman Brothers vampire walk away from the mess he helped create without being forced to give back even some of the many tens of millions of dollars he's been paid, for doing a completely shithouse job? Why does he get to walk away, to either his $22 million New York apartment, or his $18 million estate, while almost everyone else in the country is limping, wiped out? The financial scouring Richard Fuld helped to unleash will cost the American taxpayer, and their grandchildren, far so much more than the 9/11 attacks. Probably hundreds of billions of dollars more. Another few thousand American families will become homeless in the next week, and yet Fuld just walks away, troubled only by the presence of much greater security than he had last month. And if you think Americans are angry, you should see the fury in Germany, in Japan, in Russia. Americans think, 'Yeah, maybe we got fucked.' The rest of the world knows it got fucked over, and will be fucked over some more in the days and weeks to come, before The Calm returns. They will want blood spilled. Americans may be doped up enough on religion, sex and TV enough not to start dragging half billion dollar executives from their beds by flaming torch light, perhaps, but the rest of the world, particularly Asia, will want to see those fuckers pay for their crimes, and the pain they've unleashed. This is a graph of the Dow Jones controlled demolition this past year : The Economic 9/11 looks even worse when you see it over two years : Unprecedented 'World Economy' Co-Ordinated Rates Cut - But Markets Still Fall Britain Pours Hundreds Of Billions Into Its Failing Banks Tokyo Slammed By Near Ten Percent One Day Stock Market Decline China Tells Australia Its Export Boom Will Continue, China's Demand For Resources Will Protect Australia From Worst Of World Recession Where Did All That Money Go? IMF Predicts Losses Of $1.4 Trillion Americans Retirement Dreams Shattered - Pension Funds 'Lose' Estimated $2 Trillion In Days Rush On Gold Bars And Coins In Germany Leads To Shortage China Sends A Loud Clear Message To US - Dodgy US Economic Policies Shredded In Chinese State Newspaper The Global Recession - Asian Stocks Plunge Forget Near Worthless American Dollar, Russia Says, Why Not Trade In Roubles?
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