We've been Fuld: Congress grills Lehman CEO on compensation

[libano2112]

they are all just fucking jealous...pricks!!!!

[libano2112]

bunch of hypocrits.....Everyone behaved the same manner, but only one get fucked. Dick I am with you......

[Idontgiveashytt]

wow he is one ugly motherfucker. no wonder he have to work hard... Henry Waxman

[djfunked]

Even if Fuld would take the blame and say SORRRYYYYY..........would that really make a difference? Would economy be better tomorrow? As long as regulators allow these kind of excesses, people will take it to the limit.

[jfred36]

Fuld is nothing special or unusual. Yes, he bankrupt his company but was not the only company on the verge of bankruptcy in September of 2008. Lehman was just one that did not get the bailout money. The CEO's of Morgan Stanley, Merril Lynch, Goldman Sachs, Bank of America, AIG and many MANY others are just as responsible and greedy as Fuld. They are all Greedy Scum. They all should be imprisoned including Bernanke, Greenspan & Hank Paulson.

Return to Post Great Depression Regulation NOW!!!

[ruirodtube]

What does Fuld care? He goes through a difficult period but ends up rich for the rest of his life! To many CEO's short term gains are more important than long term stability because they only have a few years to become rich. Can you blame them? They didn't brake any laws. The deregulation of the markets allows them to wreak havoc in a legal manner. The system is flawed at the request of such people who requested deregulation. At least now we have proof that unregulated capitalism doesn't work.

[walchseewinkl20]

We've been fooled (Fuld). These guys are the real Trojan Horse offered by a system that disguised itself as a model of superiority for the whole world. There is a song on youtube, Peter Martell "Master of Greed" that shows the outcome of this game.

[RFWUSA]

George Washington would hang these fuckers by the balls, and then bury them at sea

[givemeblowjob69]

Miserable fuck....take your money to your grave

[leilasand7]

@givemeblowjob69 naked you came to this world, and naked you will leave. They dont realize yet that all they gained in this world in whatever way they did is just temporary... They will be judged but not for how much they had!

[B055C0E]

"our economy is in a state of crisis.." then he has the nerve to ask is this fair ?

They had the chance to bail them out.

[ilias2oo6]

@B055C0E They didnt bail him out because they wanted him to fail.Notice how when barclays wanted to buy his company,the president of the FED phoned barclays and told them to stop.And thats what they did,barclays said to lehman we are sorry but the british government did not allow us to buy your company,there was something very fishy certainly,i think bank of america wanted lehman to fail so it can have the monopoly over America

[B055C0E]

@ilias2oo6

a risk that backfired not just nationwide but globally, that's sad :(

[aerring]

lol the sarcasm in his voice when he says "i feel horrible..." fuck this asshole. and yeah, he could have played barty crouch jr. in harry potter with that lick thing he's got goin on there... freaky.

[ilias2oo6]

@aerring you guys keep insulting him while you cattle,sheep,ignorant uneducated faggots know ABSOLUTELY NOTHING ABOUT ECONOMICS AND HOW THEY WORK.PLEASE SPARE US YOUR IDIOTIC COMMENTS FROM YOUR IGNORANT AND UNEDUCATED MIND NEXT TIME OR I'll just assume you are clinically retarded

[MrChrisd73]

Is it true this scumbag sold his house worth $13m to his wife for $100, I bet he wants a bonus for that deal. Scum of the earth!

[MrChrisd73]

Mr Waxman looks as if his nose is pressed up against my screen, Mr Fuld deserves to drown in a bath of excrement!

[guyNbluejeans]

Someone needs to put a bullet between Fuld's eyes and send a message to all the other money-grabbing CEO scumbags out there like him. It's the ONLY thing these f-ing vampires understand.

[W4rku5]

@guyNbluejeans i don t think fulds deserves a bullet. I think other people deserve a bullet (the fed, the goverment, ...) becaue they allowed the risk and did nothing to avoid it. if the sistem aloows you to kill the asshole who talks shit about you in public, than we cant wonder if you kill him, because if you deregulate, that the human beeing will always do what he wants. the banking system needs regulation, because there is no default for a big bank. the tax payer must pay for the faliure

[sylfamas]

i couldn't care less with what he walked back home. The problem is not the compensation, the problem is why the banks were allowed to leverage 40:1 in the first place, why were they allowed to sell bad CDOs to investors, why did the ratings companies play along (and why do people still trust them), etc. . Treasury knew what was going on and did nothing, more than that, the treasury allowed the banks to go over the 15:1 leverage limit that was before 2004. And i don't see Paulson testifying

[BrokenCross88]

If we are to learn anything from Aesop, it should be that people can not escape their natural state. The overwhelming majority of CEOs of these banks are sociopaths, Fuld is proof of the validity of this theory. My indignation is strictly reserved for these fucking credit rating agencies and the Faustian deals they made. How do they sleep at night knowing that they are responsible for millions of Americans loosing their pensions?

[sylfamas]

@BrokenCross88 a few millions of americans losing their pension is nothing in comparison to the TENS of millions of people in the WORLD who went broke because of this (not investors, but regular people with small companies, etc. ), tens of millions of people who lost jobs all around the WORLD, the tens of millions of investors in the WORLD who lost all of their money(including here the american pensioners). The fact is, America is the origin, the world is the playground on which it unfolded. SAD

[BrokenCross88]

@sylfamas I agree with you to an extent. However, I feel as there are too many other factors that you are ignoring If your argument is that our financial crisis is the sole basis for European markets collapsing. First and foremost, the euro is a monstrosity and many of you were doomed from the start. Also, European regulatory institutions were often just as negligent. 

[easyp576]

fuld couldn't care less about his lehman employee's, he never meet 98% of them, even employee's who were high up making the company a fortune while he was steering the ship down stream. fucking idiot. hate the bastard

[Seedofwinter]

@easyp576 I read in Paulson's book said that when he walked into the company, he didn't say anything to anyone. He actually had his own elevator installed in the building so he could zip line straight to the 32nd floor.

[bungholeblitzer]

@Seedofwinter I'm sure that was Stanley O'Neil, former CEO of Merrill Lynch.

[Seedofwinter]

@bungholeblitzer Nope, it was Dick Fuld. I know how to read. LOL

[bungholeblitzer]

@bungholeblitzer You're right and so am I. They both had their own private elevator and both of them ignored the company employees.

[kellogg170]

What a Dick Fuld!

[asianelite]

If this guy was an actual human being, he'd just scrap a good 2 million and disperse the rest to the damage that he caused. After facing a crisis like this and incredibly screwing everyone over that he employed, ... and getting away with it, I would just take it as a clue to count my blessings and forgo what I don't need it. He must have done a lot of things right to get to the status that he was. He ended up getting greedy and losing all faithful lessons he learned. Thanks Dick Fulk... asshole.

[lottaluck]

Is USA now a 3rd world country?I see Obama has done very little since he took over

exept won the nobel peace prize.How low will the american economy sink because

of these greedy remores less bankers like Dick Fuld.

[BrokenCross88]

Was it Richard Fuld who slapped a AAA credit rating on CDOs deluged with sub prime mortgages?

[easyp576]

@BrokenCross88

no it was companies such as moodies who supposedly specialise in rating the risk of investments. They were paid alot more to rate these derivatives though and their profits leading up to the crisis were huge. AAA is a riskless investment, what a load of shit right? 

[alwinlourdes]

I'm not going to just jump onto the CURSING FULD bandwagon, because everyone is doing it. It makes no sense what he has done to the company and the more i read and watch videos of this man, he is one guy who never showed respect for his competitors or his shareholders. Sell when its the right time DICK, your decisions to go aggressively into real estate in 2006-2007 was the worst decision ever. What a DICK...ooops...i just jumped on the bandwagon.

[carlosbryant08]

You did really well and you can wall away with that kind of money. And look the way he said, "thats closer Sir.". like nothing happened to the company.

[GrungeFan9230]

Fuld is a sociopath. He has no remorse for the predatory instruments HIS institution implemented. He should take his $400M, buy an island, and stay there the rest of his days. People like him don't deserve to be members of society.

[ChinoXS]

@GrungeFan9230 Idiot, do you think he is proud of what hes done? No one wants to be in that position. By no means am I labelling his previous actions as prudent but quite honestly, to say he has no remorse is a bit over the top.

You say his bank implemented 'predatory' instruments? HMMM I SEEM TO BELIEVE IT WAS THE AMERICAN GOVERNMENT WHO OFFERED INCENTIVES FOR MORTGAGE HOUSES TO GIVE OUT SUBPRIME. HMMM.

[GrungeFan9230]

@ChinoXS If you have to refer to someone as an "idiot" to win an argument, you likely aren't too bright a bulb yourself.

2) I don't give a rat's ass whether he's "proud" of what he's done. What's that got to do with it. Him and others like him a sociopatic creeps. Their greed paired with lax governmental oversight has made our economy messy.

3) You say "no one wants to be in this position." So what? His not wanting to be in this position absolves him from any wrongdoing?

[SexyLikeAScorpio]

I still can't believe the gov't let Lehman fail. I don't think they should have done that but hey, i'm no economist. Who knows?

[rogerdek]

Dick Fuld is the biggest thief of them all. He alone has taken $400 million out of the financial system during the course of his leadership of Lehman Brothers and has left struggling home owners with nothing..they have been completely wiped out. What goes around, comes around. He will not be living on this planet for much longer. He, and others will soon be hung out to dry...take this metaphorically or literally if you like. The same goes for Blankfein.

[mrsinn]

What an evil looking man fuld is, He looks like the devil..

[konman001]

This is all major f**king bullshit.

They found a fall guy to put on the TV so that Obama can claim to be doing his job. In the end, though, WE still will pick up the tab while Lehman and Goldman Sachs will only get a slap on the wrist and the politician whores will continue to suck their cocks. They make an example of a guy who walked away with $500 million - meanwhile, board members and other bigger fish who sucked HUNDREDS OF BILLIONS from the economy will walk away unscathed.

[epd20]

@konman001 Lehman has failed long ago and Obama has nothing to do with that-do your homeworks before ranting

[MikefromMadrid]

@konman001

are you a member of the kkk by any chance?

[konman001]

I'm NOT a member of KKK - just pointing out how history repeats itself.

In cases similar to this one (such as Savings & Loans scandal in early 90s) a fallguy will be put on a trial (In case of Savings & Loans scandal it was Allen Cranston). Here in case where bankers are going to get away with hundreds of billions, a guy who took in hundreds of millions is turned into a scapegoat. I know it sounds like alot, but compared to the real money that magically disappeared it is only a fraction.

[ricobeco]

I love America, It's like a big circus, not with clowns but gangsters...

[synchroduv]

Why is he not in prison?

[FatherTuck]

It's funny how he licks his lips when he talk about money. Greed personalised. :)

[nordic27]

Just one bozo in a long line of greedy criminals who I wished would do some serious jail time. If people like him in and out of government were really held accountable for their actions we would not be in such a mess as now. These people re-define the word greed.

[md991free]

When history is written, Dick Fuld will be the one to blame for the failure of Lehman Brother. He was the CEO, so the failure of the firm rest on his soul.

He could have sold the firm to a Korean entity, but refused because of valuation.

Shame on him.

[blankfiend]

He takes "full responsibility" for the actions "HE took."

Well, no shit. Who else would take responsibility for those particular actions?

[ZoeHannahan]

@blankfiend chuck norris?

[nammikallinn1]

@blankfiend

Nice name bro, is your first lloyd? xD

[vheba1]

Henry Waxman - who the fuck is this? he cannot seem to put a coherent sentence let alone an argument against dick fuld. Like others have said, these polis have way too much vested interest in this and it is all to easy to make him the scapegoat. What the hell does fairness have to do with this? it is an executive compensation plan that was approved by the shareholders and the board which are under the direct supervision of the SEC. A bit rich to come back to say this now.

[hereisthankappan]

Isnt Richard Fuld talking a little slow ? is this intimidating ? anybody out there who knows a thing or two about this ?

[monicamir]

All I know while Fuld was trying to save his bank, Paulson would not return his calls, because Paulson and Bernancke were too busy blackmailing Ken Lewis CEO of Bank of America into Buying Merrill Lynch and when BoA shareholders got the news of the quarter bad results because of the Lynch deals, Paulson went into a blame game with Bernancke and the PIG FLU came into the scene dominating media time all over the world.

Funny stuff

[hereisthankappan]

cONGRESS FACT # 4576 - Henry Waxman is a Cunt !!!!!

[aerosaloflife]

there were no such thing as "american economy" it is "exclusive economy"

[aerosaloflife]

reptilian.......

[daniellewis2008]

much as i dislike fuld personally, i have to say he is now being made a scapegoat. by the dirty ass politicians who want to exploit this situation now and in better times went hat in hand to the bankers to ask for campaign contributions. if you americans are still fooled by this charade, it's no wonder your economy ended up like this (and is going to get much worse still)!

[yannth]

to easy to shoot on one guy; he was there and took the money like all the other guys, yet is the only one to get shot: what about Bernanke????

this guy was the same, just had the opportunity to escape before the crash....