Catching Up With The Crooks (Fuld, Cassano, Prince, Rubin & Ken 'Fights For Repo 105s' Lewis)

Profiled in the WSJ piece are Dick Fuld, Martin Sullivan and Joseph Cassano of AIG (nyse:aig), Chuck Prince and Robert Rubin of Citigroup (nyse:c), Ken Lewis, Alan Schwartz, and many more who did a solid job of sucking the system dry.

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They Made Millions Before the Lehman Collapse; Many Remain in Business

The financial crisis climaxed by Lehman Brothers Holdings Inc.'s bankruptcy two years ago detoured the careers of top executives, traders and other Wall Street employees close to the catastrophe.

Few of those people still work at the same firms. Many have retired or moved on to lower-profile jobs. Some are contrite about their role in the crisis. Others are defiant about the blame heaped on them by investors, regulators, lawmakers and the American public. Here is what some of those people are doing now:

• Continue reading at the WSJ

This will provide all the antidote you need -- profanity warning:

• I'm Sick Of These F**king Bailouts -- Best Of CLIP



Comments

[DailyBail]

On Sidelines, Only the Sunniest Need Apply

http://online.wsj.com/article/SB10001424052748703897204575487881664490478.html?mod=loomia&loomia_si=t0:a16:g2:r4:c0.0597733:b37265166

WSJ on NFL cheerleaders...

[DailyBail]

A New World Since Lehman's Fall

http://online.wsj.com/article/SB10001424052748704621204575487781671202188.html

[DailyBail]

Robot Invasion Welcomed in Japan

http://lens.blogs.nytimes.com/2010/09/13/robot-invasion-welcomed-in-japan/

[DailyBail]

How Much Corn Ethanol is the U.S. Exporting and Why?

http://bigpictureagriculture.blogspot.com/2010/09/how-much-corn-ethanol-is-us-exporting.html

[DailyBail]

Lehman Still Haunts Wall Street Efforts to Rebuild Broken Model

http://www.bloomberg.com/news/2010-09-13/lehman-brothers-still-haunts-wall-street-that-can-t-rebuild-broken-model.html

[DailyBail]

So much for phasing out the bond purchasing programme. The latest weekly ECB data suggest that the ECB bought €237m worth sovereign bonds last week, the highest since the middle of August, according to the FT. Still small in absolute size, the paper notes, it is a sign of continuing problems in eurozone bond markets. Irish traders last week reported that the ECB had been in the market to support Irish bonds, whose yield spread to German bunds rose to new record levels. The article suggested that the ECB was also buying Greek and Portuguese bonds.

http://www.eurointelligence.com//index.php?id=581&tx_ttnews[tt_news]=2892&tx_ttnews[backPid]=901&cHash=27aa080a7e

[DailyBail]

A few weeks ago I blogged about the views of Richard Fisher, President of the Federal Reserve Bank of Dallas and self-described "inflation hawk." Mr. Fisher is an important man; among other things he was a voting member of the FOMC in 2008 and will be again in 2011[1]. He's also one of a number of regional Fed presidents (such as Charles Plosser or the long-serving Thomas Hoenig) that have repeatedly dissented from majority opinions over the past few years because they felt that their concerns about inflationary pressures were not adequately addressed.

http://worthwhile.typepad.com/worthwhile_canadian_initi/2010/09/breakfast-at-richards.html