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Household Finances

Lehman Brothers

17 years ago

Even the sheep got taken by Lehman...

Oh, Baa

/tricia

Here is a link that might be useful: Lehman Can't Pay The Sheep

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Comments (3)

dreamgarden
17 years ago
"Even the sheep got taken by Lehman... Oh, Baa "

The story you linked to is about GOATS, not sheep.

Perhaps you were thinking of the "sheep" (sheeple/taxpayers) who have been fleeced through one of the biggest government sponsored ponzi schemes this country has ever known?

"During the last five years of his tenure as CEO of Lehman Brothers, Richard Fuld's total take was $354 million."

How did Fuld justify receiving this kind of compensation when HE KNEW his company was "underwater"?

Care to venture a guess about why Fuld, Paulson, etc., have been treated as merely incompetent rather the more likely scenario that they committed intentional fraud on borrowers and the US taxpayers?
jakkom
17 years ago
>>Care to venture a guess about why Fuld, Paulson, etc., have been treated as merely incompetent rather the more likely scenario that they committed intentional fraud on borrowers and the US taxpayers? Because they're card-carrying Republicans, maybe?

It clearly isn't what you do or do not do, it's who you know.....
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qdognj
17 years ago
card-carrying Republicans?

somepoints to ponder before making that statement:

Friends of Lehman Sept 2008

Obama has raised a full $395,574 from employees and PACs of the now-bankrupt Lehman brothers, second only to Hillary Clinton.

Chris Dodd and Chuck Schumer did quite nicely, too; McCain is seventh among the firm's favorite pols (though its favorite Republican), having raised $145,100, according to OpenSecrets.org.

from another source:

Lehman CEO Fuld and Wife Democrat Donors
oen secrets : 10-7-2008 : Edzo

Posted on Tuesday, October 07, 2008 11:40:49 AM by edzo4

FULD, RICHARD NEW YORK,NY 10285 LEHMAN BROTHERS/MANAGING DIRECTOR 4/9/07 $10,000 Democratic Senatorial Campaign Cmte (D)
FULD, RICHARD NEW YORK,NY 10019 LEHMAN BROTHERS/CHAIRMAN AND CEO 1/28/08 $2,000 Reed, Jack (D)
FULD, RICHARD S GREENWICH,CT 06831 LEHMAN BROTHERS/CHAIRMAN AND CEO 5/29/07 $2,300 Clinton, Hillary (D)
FULD, RICHARD S JR GREENWICH,CT 06831 LEHMAN BROTHERS/CHAIRMAN AND CEO 10/19/07 $2,300 Clinton, Hillary (D)
FULD, RICHARD S JR GREENWICH,CT 06831 LEHMAN BROTHERS/FIANCE 5/30/07 $2,300 Obama, Barack (D)
FULD, RICHARD S JR GREENWICH,CT 06831 8/28/08 $-2,300 Clinton, Hillary (D)
FULD, RICHARD S MR JR GREENWICH,CT 06831 10/22/07 $10,000 National Republican Senatorial Cmte (R)
FULD, RICHARD S MR JR GREENWICH,CT 06831 LEHMAN BROTHERS/CEO 3/31/07 $2,300 Dodd, Christopher J (D)
FULD, RICHARD S MR JR GREENWICH,CT 06831 LEHMAN BROTHERS/CEO 3/31/07 $2,300 Dodd, Christopher J (D)
FULD, RICHARD S MR JR GREENWICH,CT 06831 8/21/08 $-2,300 Dodd, Christopher J (D)

FULD, KATHLEEN GREENWICH,CT 06830 N/A/HOMEMAKER 9/27/07 $15,000 Democratic Senatorial Campaign Cmte (D)
FULD, KATHLEEN GREENWICH,CT 06831 NONE/HOMEMAKER 10/22/07 $2,300 Clinton, Hillary (D)
FULD, KATHLEEN GREENWICH,CT 06831 NONE/HOMEMAKER 10/22/07 $2,300 Clinton, Hillary (D)
FULD, KATHLEEN GREENWICH,CT 06831 NOT EMPLOYED/HOMEMAKER 5/30/07 $2,300 Obama, Barack (D)
FULD, KATHLEEN GREENWICH,CT 06831 8/28/08 $-2,300 Clinton, Hillary (D)
FULD, KATHLEEN MRS GREENWICH,CT 06831 N/A/HOMEMAKER 9/18/07 $2,300 Dodd, Christopher J (D)
FULD, KATHLEEN MRS GREENWICH,CT 06831 N/A/HOMEMAKER 9/19/07 $2,300 Dodd, Christopher J (D)
FULD, KATHLEEN MRS GREENWICH,CT 06831 8/21/08 $-2,300 Dodd, Christopher J (D)

and more:
Husbad gave dems $28,100
Wife gave dems $31,000
combined $59,000

Husband gave McCain $2300
Republican Senate Committee $10,000

PLEASE do your homework before making comments that aren't FACT based

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