Lehman and Dick Fulf Face 3 Grand Jury Investigations
- Thread starter ByLoSellHi
- Start date
If a Public or Private lawyer can prove fraud or willful negligence, Let Them Hang.
Unfortunately, this will be a sacrificial show trial meant to quell Public Outrage.
No way in hell it goes up the food chain.
But I hope to God it does.
Grand Juries are America's last Legal Hope to this Nightmare.
http://blogs.ft.com/gapperblog/2008/10/a-review-of-dick-fuld-on-capitol-hill/
As a former LB Employee (Up until 9/2008), I have to say I do not blame Dick Fuld. Lehman did NOT do anything that every other wall street firm and for that matter banks around the country didnât do. If Lehman didnât increase their balance sheet over the years, we would have been bullied out of the market because as I already mentioned everyone else on the street was doing the same thing. Since Clinton signed the bill which counteracted the Glass-Steagall the I-Banks like Lehman had to beef up their balance sheets to be more like the commercial banks or otherwise they just could not compete.
But I do concede that just because everyone else on the block is doing something doesnât mean you should do it, Iâm merely pointing out the facts.
If you watched the entire 2 hours 10 minutes of Dick Fuldâs testimony you would have saw him say âuntil the day they put me in the ground I will wonderâ (why Lehman was the only major wall st firm not to receive a govt bail out).
As a former Lehman Employee, I have to agree with that. I do not have any facts on this, but I do hope that the govt investigates why the FED/Treasury did not bail out Lehman, which as most people will agree at this point definitely contributed in a big way to the credit crisis we are currently in and why instead of investing 10âs of billions of dollars to save Lehman (as was given to Bear, AIG), we now have to pay for a 700 billion bail outâ¦
As for me I will miss the company. It was a great company to work for and I wish I was still working there!
As a former LB Employee (Up until 9/2008), I have to say I do not blame Dick Fuld. Lehman did NOT do anything that every other wall street firm and for that matter banks around the country didnât do. If Lehman didnât increase their balance sheet over the years, we would have been bullied out of the market because as I already mentioned everyone else on the street was doing the same thing. Since Clinton signed the bill which counteracted the Glass-Steagall the I-Banks like Lehman had to beef up their balance sheets to be more like the commercial banks or otherwise they just could not compete.
But I do concede that just because everyone else on the block is doing something doesnât mean you should do it, Iâm merely pointing out the facts.
If you watched the entire 2 hours 10 minutes of Dick Fuldâs testimony you would have saw him say âuntil the day they put me in the ground I will wonderâ (why Lehman was the only major wall st firm not to receive a govt bail out).
As a former Lehman Employee, I have to agree with that. I do not have any facts on this, but I do hope that the govt investigates why the FED/Treasury did not bail out Lehman, which as most people will agree at this point definitely contributed in a big way to the credit crisis we are currently in and why instead of investing 10âs of billions of dollars to save Lehman (as was given to Bear, AIG), we now have to pay for a 700 billion bail outâ¦
As for me I will miss the company. It was a great company to work for and I wish I was still working there!
So that's why we pay these overblown compulsive gamblers 400 million over time.
So they can appear , looking very grim, and claim they don't know why they weren't SAVED like some damsel hanging over a waterfall.
F^%k Fuld, and the rest of them, plus the horses they rode in on.
Don't be so fast to brag about working for assholes. You paint yourself with the same used toilet paper.
Fuld and the others should be tried for crimes against the people, and eventually , maybe they will be. The broad who bolted a few months before the end may talk in her sleep.
So they can appear , looking very grim, and claim they don't know why they weren't SAVED like some damsel hanging over a waterfall.
F^%k Fuld, and the rest of them, plus the horses they rode in on.
Don't be so fast to brag about working for assholes. You paint yourself with the same used toilet paper.
Fuld and the others should be tried for crimes against the people, and eventually , maybe they will be. The broad who bolted a few months before the end may talk in her sleep.
