Two years ago, for the first time, Forbes' Richest 400 Americans were all billionaires. Perhaps, not coincidentally, that same year Richard Fuld CEO of Lehman Brothers got on that list for the first time. Lehman Brothers, 'memmer them? They filed for bankruptcy in September.
I sure wish I could make a THOUSAND MILLION DOLLARS for running a company into the ground!
Why is it that the average American citizen is subject to market discipline; whereas those that make millions and billions of dollars are not?
We are in the process of adopting an economic model that privatizes profit and socializes loss.
Some call these: "bailouts". I prefer to call them: "Heads I win. Tails you lose (America)".
im4wur 3 years ago
Two years ago, for the first time, Forbes' Richest 400 Americans were all billionaires. Perhaps, not coincidentally, that same year Richard Fuld CEO of Lehman Brothers got on that list for the first time. Lehman Brothers, 'memmer them? They filed for bankruptcy in September.
I sure wish I could make a THOUSAND MILLION DOLLARS for running a company into the ground!
im4wur 3 years ago