I have been sitting and watching the Chairman of the Board of Lehman Brothers, the now defunct Wall Street Company, that has filed for bankruptcy...Like they didn't know what they were doing????
...They protected each and every one of themselves in this wonderful deregulated world of Oz that they live in...What about the poor people that sunk their life time of savings with them?..What about their creditors?....You know I used to post on message boards but after being here, I can't....I love the fact that I am able to say some things that are on my mind and not sit in the corner and wait for something to say that someone has not said 20,000 times before me....
Back to the subject: I believe his name was Feld and I hope I spelled Lehman Brother right but what the heck...You will know what I mean...I listened to that poor man's
, bull sh*t, and act so sad about his poor company going over...Seems to me that I saw some Texas Oil man do that a few years ago....He is dead now but how that man with no scruples hurt people....Back to the Lehman exec, the poor soul started out as a paper shredder or something like that with the company and worked his way up to this staring role....He feels terrible...His friends are going down with the company and I swore I was going to see tears.....Then Mr. Waxman came on to questions him...."Hey man, tell me".....I just looked at your tax records for the last seven years....When I add them up, (which he did as he had the papers in front of all to see) you have taken home as salary near one half a billion dollars since 2000. This is seven years...This does not include his stock options....From what I could see this was cash...Understand on the options I may be wrong but I don't think I am..Then Mr. Waxman added that you have these two large homes worth millions, an art collection that goes into the millions and you tell me that this is right. I still don't know if he said it was right or not as I thought I would puke and shut the TV off.......
So now more people will be hurt....How can the older people that have invested their money for retirement salvage their life? He is living with their money and not even any jail time to go along with it.....You wonder why I have played it safe in the market.....Perfect example.....No regulation so screw the public....
This super PMO.....People will hurt and people like this do not give a darn who hurts....Love thy brother while you take his money...
Jessica, I wish you had not started this place as it is too addicting to me...Now I have to try and get my ducks in a row so that I can blog on why a mid-life marriage can go to the dogs.....Alas, from Wall Street to the bedroom...
10-06-2008, 01:57 PM
Yah, And What Else Is New!!!!!
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