Lehman Brothers CEO Testifies on Capitol Hill

[guyNbluejeans]

Richard Fuld is hardly alone. There are greedy scumbag CEOs all over the country that are pocketing way, waaay more money than they deserve while shafting the common folks that do the actual grunt work that created the success.

[satay242]

he looks exactly like a rat.

[thomasucc]

The Rat after 150 years

[tietajajoshua]

Electronic account system,

GDP projection and graphing,

BR-0 com/accounts htm

without .'s or link off my page

[Atomsmasher777]

Pathetic. Fuld and his wife better hope there's no god.

[pipersmitty87]

his wife is on the today show (Fuld) and the stores claim she spends 10,000 a day at specialty shops in NYC. Right now, Im talking. post bailout.

[commoner1975]

to HELL WITH YOUR FUC@*IN*APOLOGY !! YEA KANT TURN BACK TIME !! WAT R U ?? U MONSTER ! I WISH U A BLEAK AND DISASTROUS FUTURE ..IF YOU EVER HAD A FUTURE ..EVER ..ROT IN HELL !!!ASSHOL*

[commoner1975]

why shd ther be billionaires in the world ?? while millions are suffering every minute and mortality rate is ever increasing .I hope the term and word millionair or billionaire were never had been found or scriptured ..we are the biggest enemies ourselves ..greed .i hate these fuc@**s!!go to hell and die !!the world does not deserve pple lke dis ..shamefull bastards!!

[privatespam]

the unaceptable face of capitalism tar and feather the fuckjin lot of em

[angelsoulnme]

I have a question. Does anyone know the percentage or ratio of sub prime to prime? From what I have read, the sub prime market only made up a small percentage of the total mortage loans - Not every sub prime borrower has defaulted. So with that said, how does a subset of a subset, cause such a massive problem?

[srcmaker]

That's a good point. Just wanted to add something as a former LB employee, in regards to Lehman, the residential mortgage problems affecting the economy was not lehman's problem. Our problem was with commercial real estate. One of the members of the congressional committee was trying to say that it was a big problem for lehman directly. They really need to educate themselves on the issue before going out on the witch hunt which they are so obviously on right now. Fuld had to try to explain this.

[angelsoulnme]

I hear what you're saying, but they also brought up another good point (not in this video) about just who is on the executive compensation committee and the conflict of interest that's there. My thing with Fuld is that THIS YEAR when it was CLEAR they were reporting huge loses, and spiraling towards bankrupcy - He still paid million dollar bonus's to terminated exec's as well as to himself even laughing in an email to a suggestion that they forego bonus.

[srcmaker]

I do feel that executive compensation in general needs to be reviewed, but I just want everyone to realize there is a difference between "not fair" and "illegal". Also, Fuld, himself, did annouce earlier in the summer that he was not going to receive a bonus for the 2008 year. I can't speak to the other executives, because obviously they wanted their bonuses...

[etniko]

"I'm a CEO and I deserve a lot of money not matter what happen to the company I manage. Fuck u all u losers. I win no matter what".

[CMO5569]

Anti Semites are idiots especially the comments below, what small minds. You would blame the Jews for Hurricane Ike. Lou Dobbs tried to blame hurricane Ike on illegal aliens. The problem is not the Jews or illegal aliens stupid. The problem is greed.

[beatlesiracundos]

Mr. Fuld is being very honest. Most people thought that these decisions would benefit them a lot, they saw no problems. That is why in economics the most valuable information is the information that you do not have. For example, the future.

[ab330]

yea yea..it's my fault..yea yea..now may I please be excused so I can go spend the 480 mill .. I'm building another house and have an appointment with a mortgage broker..he says he'll give me fixed at 5.5%

[Herr2Cents]

Hey, hey,hey. They screwed up and he made 1/2 a billion dollars himself over the years. BOO HOO!

They are all full of shit. Who out here did not know that houses were given away with no money down and some shitty little job. Bullshit! This guy and most of the industry NEW that the mortgage market was basically musical chairs. They lost and now we have to pay.

[relaxedmoody]

even though i absolutely do not feel sorry for this guy, ... but it seems the whole system is/was corrupt, and this guy and his company seem to have ended up as the scape goat...

[azne69]

Turn these bastard CEO's loose in a crowd of people that have lost their homes and see what compensation they shall receive.

[Inform4u]

i agree. he's a scumbag. bot so are 99% of American corporate leaders.

[angelsoulnme]

He feels HORRIBLE> his long term interests were aligned to the other shareholders? Does he really think we believe that?

[angelsoulnme]

Special Packages??? So FULD was paying himself 350 MM while begging for a bailout???

[Herr2Cents]

ABSOLUTLEY. This fuck will never be touched by this like we will. He can retire on his own island.

[randomkid202]

jews.....  they own us like it or not and people think hitler was so bad....

[th3ris]

he's so drunk.

[Jager1988]

Fuck my life i lost so much money with them

[mianno58]

Where is the grilling of Franklin Raines and Jaime Gorlick. They ran Fannie Mae into the ground with the help of Democrats and took millions in bonuses.

[jcc152509]

Fucking scum. This douche bag made $250 million over eight years. Burn em at the stake!

[gungagin]

So...Martha Stewart went to prison for insider trading and Congress is going to let these jackholes go

[Markleberrytoast]

But not the tax payers? Privitise profits but Socialise the losses?