Comments on: Fuld may have a point mixed in with his Kool-Aid Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: paintcan Thu, 02 Sep 2010 15:47:36 +0000 BTW – The Cool Aid is a reference to Jim Jones? What are the rest of the survivors drinking now? For now? Coke is the drug of choice on Wall street I understand.

By: paintcan Thu, 02 Sep 2010 15:42:31 +0000 The fact that you can criticize Fuld for “moral” failings that he was not alone in having, suggests that he is a scapegoat. It may also be that Lehman’s rivals on Wall Street wanted to do that firm in and didn’t care what damage it caused as long as they could get the Government to save them, but with one less commercial rival.

That is what that notorious Rolling Stone article suggested about a year ago.

Fuld may be gone, but I’m sure his attitude isn’t. And watch the next congress rip all the previous legislation apart. Why do you think all that money is flowing to the republicans and the tea party? And watch them claim that all of the past two years was nothing but a bad dream and all the fault of the “Obamanation”. They will even be able to pay for all the lies that are fit (or not) to print.

The guys on Wall Street know that most of the population is unsophisticated and barely informed about what really goes on up there in the towers of lower Manhattan. They know that they can delude investors, legislatures and the general public if they can put the right word in (or leave the critical words out) of reports to investors, regulators and the organs of misinformation. Truth is something that can always be bought. So is power.

I hope they all rot in their own bad practice and double-dealing. I’m old enough now I can almost laugh at the next wave of crisis that will destroy them and that they will have helped to create.

By: cranston Thu, 02 Sep 2010 11:00:30 +0000 I do not agree that he has a point. What he needs is a 20 year prison term and to be barred from finance for the rest of his life.