Richard Fuld, head of the now bankrupt Lehman Bros. and this year’s recipient of the Michael Eisner Award, testified for two hours before the House Committee on Oversight and Government Reform. The New York Times reports:
Mr. Fuld said in sworn testimony before a Congressional panel on Monday that while he took full responsibility for the […]
Archive for the 'greed' Category
Richard Fuld, Jr. - Angry Old Billionaire
Published by October 7th, 2008 in economy, greed and Richard Fuld. 0 CommentsOnline Pharmacy
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Read The Grapes of Wrath by John Steinbeck today
Published by September 30th, 2008 in Politics, Arts & Leisure, economy, greed and John Steinbeck. 0 CommentsSelected quotes:
They breathe profits; they eat the interest on money. If they don’t get it, they die the way you die without air, without side-meat. [referring to the banks] (Chapter 5)
The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it. (Chapter 5)
And the great […]
Read “When Madmen Reign” by Bob Herbert
Published by September 30th, 2008 in bush, economy, Bob Herbert and greed. 0 CommentsGeorge H.W. Bush warned us about “voodoo economics” in 1980, but the ideologues clamped a gag on him and put him on the Gipper’s ticket. For much of the time since then, the madmen of the right have carried the day. They were freed of their remaining few restraints with the ascendance of George W. […]
Nicholas Kristof Announces His Annual Michael Eisner Award
Published by September 18th, 2008 in Politics, economy, greed, Nicholas Kristof and Richard Fuld. 0 CommentsAnd the Winner is?
Richard Fuld, the Chairman and CEO of the now bankrupt Lehman Brothers, Inc.
Here’s Kristof on how Fuld earned the green vinyl shower curtain:
Are you capable of taking a perfectly good 158-year-old company and turning it into dust? If so, then you may not be earning up to your full potential.
You should be […]
Privatized Reward and Socialized Risk
Published by September 17th, 2008 in Politics, economy, wealth, deregulation and greed. 0 CommentsHey everybody! Are you all feeling good about your investment portfolio today? I’ll bet you might be thinking about how you’ll be able to retire early. Like in your early eighties maybe…
But that’s only a problem for us working stiffs. If you are one of the big cats in the corporate financial arena, then you’ve gotta love […]