Ex-Lehman Brothers VP Talks
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Is this guy is trying to explain in macroeconomic terms the fall of Lehman Brothers? I hope he talks about "Liars Loans", "Repo" and the ratio of 44 to 1 in the amount of loans against own capital that Lehman had at one time, which were the main contributors to their fall. Add to that a CEO with an ego, arrogance and a short temper that led this 158 company into the wall.
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You don't offend me, the criminals offend me. For a CEO or VP to make millions a year, or like Lehman CEO to have made over 480 billion is criminal that is why we are in a world of shit! That and all the outsourcing, tax breaks for leaving the US!
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So Ronny you got lots of cash too? turd
kellymkg 3 years ago
I'm trying to show you what's going on... I'm sorry if that offends you in some way. Go to the site, watch the whole video, it has nothing to do with "having lots of cash".
mlmFormula 3 years ago
I just finished watching C-Span where Richard Fuld (Lehman Chairman & CEO) answered questions from the House & Oversight Committee. You have to see the Video! The CEO of Lehman was employed for 43 years at Lehman and was so evasive and forgetful of the events that led to the company losing 600 billion... it's unbelievable. Even to the point of Lehman Brothers compensating 2 fired employees 20 million dollars in severance pay one week before filing for bankruptcy! Who cares about the investors.
itsalmostoverforall 3 years ago
Yea I saw that. I guess what sucks about the whole thing is this "bailout" plan costs every single man, woman, and child in the US roughly $2333 each. Ridiculous... And the Execs are laughing all the way to the bank.
mlmFormula 3 years ago