Truly gutless testimony today from Richard Fuld, the empty suit responsible for driving Lehman Bros. and a slice of the economy into the proverbial ditch. A few minutes after testifying that he stood ready to accept "full responsibility" for Lehman's utter failure, he refuses, in response to direct questions, to acknowledge that Lehman had either a liquidity problem or was overleveraged. Spare me the b-school rationalization, I beg you sir.
In the glory days of Rome, a disaster on this scale would have required suicide on the part of the malfeasant. Failing this, execution or assasination. In Carthage, they used to crucify their Generals after serious defeats. You want to talk about incentive bonuses? - Carthage had a doozy of a program. Next time you watch one of these wing-tip wearing barnacles bloviating on C-Span, try to visualize one of them screaming his lungs out on a cross-tree....I guarantee a smile.
War for Ukraine Day 1,225: Another Long Night of Russian Ballistic Missile
and Drone Strikes on Ukrainian Civilian Targets
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(Image by NEIVANMADE) The cost: Our dear Plast friend, Roman “Orlyk”
Oryshchenko, officer, commander of a company in the 72nd Separate
Mechanized Brigade...
1 hour ago
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