Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Did you read that Richard S. Fuld Jr., Lehman Brother's former chief , says he feels vindicated by the findings of the court-appointed examiner. I read the complete report and I have to say that Fuld's words were the best spin I've seen in a while...possibly since Clinton said he didn't have sex with 'that woman.'
What will really sink Fuld, along with co-conspirators, is testimony before a Federal grand jury when every email, memo and conversation will frame the guilty. The court appointed investigator subpoenaed and interviewed the former top executives from Fuld on down. Everyone basically denied having knowledge of what was going on with the 'Repo 105' transactions. These were short-term loans backed by bundles of securities (mostly worthless) that were then repurchased ('repo-ed') at a future date.
These transactions and others that were outright fraud permitted Lehman to appear strong and solvent. The Wizard of Oz couldn't have done better. With help from independent auditor Ernst & Young, Lehman used “materially misleading” accounting gimmicks to mask its losses and dupe investors. Everyone was in on pulling the levers that created the smoke and mirror image of stability.
In response to questions about their knowledge of Repo 105 transactions and role in authorizing them, each Lehman executive had the same basic response: “I really didn't know anything about it.” Amazing. A major investment bank sails the financial seas without a captain or any of the ship's officers knowing how or why the ship is afloat and moving.
And when the ship hit the rocks and sank, what did it cost the captain and senior officers? Nothing. The top five executives at both Lehman and Bear Sterns, the other major investment bank failure, collectively took home $2.4 billion in bonuses and equity sales...that's nearly a quarter-billion dollars each...in the eight years leading up to the collapse.
“The Girl With the Dragon Tattoo”, a best-selling novel by deceased Swedish journalist Stieg Larsson, calls for the financial players who have “systematically and perhaps deliberately” damaged their country’s economy “to satisfy the profit interests of their clients.” to be exposed as traitors. He was referring to Swedish bankers. Coincidentally, Larsson's book was released in the U.S the week Lehman tanked.
Fuld and his henchman should be charged with treason for what they did to our country. There will be years of trials, both criminal and civil. The lawyers will get rich from litigation and appeals...and both sides, our government included, will be broke. Few will see the inside of a prison. That's the American way. Please insert your text here.