Dick Fuld Got Millions In Special Bonus 4 Days Before Lehman Filed For Bankruptcy

Video:  Fuld testifies - Oct. 06, 2008

It all goes down in the first 30 seconds.  Henry Waxman tells you something you might not have known regarding Lehman's final days.

• Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered $20 million to 3 departing executives even while pleading for a federal rescue, Congress is told.

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Comments

[Bubba666]

There is not much discussion because we are not shocked at CEO’s looting there company’s before they leave. We expect it.
It happened a Merrill, Enron..etc. the story only confirms what we already knew.
The BAIL has bashed left and right administration backstabbing, Douchebag, CROOKS, I see no slant in his subject matter.
I think the site is great, come here once or twice a day.

[Benny and the Talibanks]

Who knew?

[DailyBail]

it was news to me until a few months ago when i stumbled across this clip...but i catch your sarcasm...

[S. Gompers]

Dick will probably run for Congress or Governor or something now, get endorsed by the tea party, and continue the theft of America in public office. To those who say impossible, Kasich did it in Ohio. After Lehman Brothers collapsed with 480 million dollars of Ohio pension money, ex Lehman exec Kasich and NRA rated F candidate is soon to be sworn in as Governor.

Strange how the herds move...


http://tpmdc.talkingpointsmemo.com/2010/01/john-kasich-tea-partiest-republican-ever.php

http://www.cleveland.com/business/index.ssf/2010/04/ohio_pensions_took_480_million.html

Blame the unions, and reward the thieves.

[S. Gompers]

Dick will probably run for Congress or the Governor and win, Ohio lost 480 million in pension money with Lehman Brothers, and now we are preparing to swear in a Lehman Brothers exec as Governor. Stranger things have happened.

Then he slunk to the ice box. He took the Whos' feast,
he took the who pudding, he took the roast beast.
He cleaned out that ice box as quick as a flash.
Why, the Grinch even took their last can of Who hash.

And the one speck of food That he left in the house,
Was a crumb that was even too small for a mouse.
Then He did the same thing To the other Whos' houses
Leaving crumbs Much too small For the other Whos' mouses!

- Dr. Seuss

Many will continue to blame the unions while simultaneously paying tribute to the thieves.

GOOOOOOOOO TEAM!!!! Herdism is a great and powerful thing.

[DailyBail]

nice links gomp...

[Mike]

"I take full responsibility"

Until your crooked and criminal ass is sitting in a jail cell for your fraud and corruption, you have taken no responsibility for anything you've done. Really, while the ship was going down, you were seeking enrichment for yourself and your friends.

[Norman]

He deserves it. Imagine growing up with a name like that. Dick Fuld. It's an aweful life.

[DailyBail]

well said mike...

[yorrrick]

It's the Fractional Reserve Banking system that's really at fault. The bankers operate rationally within a banking system that requires each bank to make bigger and bigger risky loans just to survive against competitors who are doing the same. When money can be created by a bank for nothing and lent out at interest they cannot afford to be prudent or they go out of business. If we stop Fractional Reserve Banking and require all loans to be financed 100% from deposits we'll eliminate systemic risk at a stroke and the excesses of the past that allow bankers like Dick Fuld to make millions while engineers only make thousands will be history.