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.
Open Thread: Big Talk Butters No Parsnips
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Post-Labor Day reminder, for the doomsters: If Black Americans could
survive hundreds of years of slavery and legal degradation, you can survive
the next...
5 days ago


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