Reply to: Lehman Brothers chiefs' lack of plan cost creditors $75bn

[AtW]

You can be rest assured many will be - Obama will want to be seen as nailing these bastards and if they dont have the contacts and use within the higher circle theyll be left out to dry.

I am not optimistic that many of them will get what they deserve - Lehman however are very exposed like Enron now and it seems clear that they failed to wind it up in orderly fashion which cost creditors a lot of money - there seems to be a very solid case that they failed in their legal duties are directors there, plus bankrupcy is a factual thing - it did happen and they were the people who signed stuff.

I expect many others to get away with it however.

[Mich the Tester]

Hindsight? Are you joking? They appear to have basically cancelled all derivative contracts including those that they were owed money - that was insane as these could have been sold as other parties who owed them were probably not going bust. If you need "hindsight" to understand that burning cash or other assets is not a good idea then you should not run bank!


WHS

and have an MBA from Ivy League Uni

Like George W Bush? Really high academic standards, those MBAs

The good news I think is that their management will be going to jail - there seems to be a pretty clear case for criminal negligence in running the bank.

I hope you're right on that last bit.

[Liability]

Hindsight? Are you joking? They appear to have basically cancelled all derivative contracts including those that they were owed money - that was insane as these could have been sold as other parties who owed them were probably not going bust. If you need "hindsight" to understand that burning cash or other assets is not a good idea then you should not run bank!





and have an MBA from Ivy League Uni

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FFS: 900,000 derivatives they had - ****ing things worth hundreds of billions of dollars and they called themselves a bank?

The good news I think is that their management will be going to jail - there seems to be a pretty clear case for criminal negligence in running the bank.

You can be rest assured many will be - Obama will want to be seen as nailing these bastards and if they dont have the contacts and use within the higher circle theyll be left out to dry.

[AtW]

Hindsight is a wonderful thing isn't it?

Hindsight? Are you joking? They appear to have basically cancelled all derivative contracts including those that they were owed money - that was insane as these could have been sold as other parties who owed them were probably not going bust. If you need "hindsight" to understand that burning cash or other assets is not a good idea then you should not run bank!

Well, these episodes show the only real skill is the ability to put on a suit and talk like a twat, and just about anyone can do that.

and have an MBA from Ivy League Uni

---

FFS: 900,000 derivatives they had - ****ing things worth hundreds of billions of dollars and they called themselves a bank?

The good news I think is that their management will be going to jail - there seems to be a pretty clear case for criminal negligence in running the bank.

[Mich the Tester]

In my experience, many "managers" would then consider it a training video, not a biopic of how one stupid motherf***** can bring down one of the worlds largest banks...

I don’t believe it’s just one stupid motherf**ker. This level of organised incompetence requires alliances, footsoldiers and compentent people who are prepared to turn a blind eye.

[thelace]

In my experience, many "managers" would then consider it a training video, not a biopic of how one stupid motherf***** can bring down one of the worlds largest banks...

[Liability]

Didn't he lose his commission for striking superior officers? And I heard that when Lehmans finally went bust a group of his staff gave him a proper shoeing.

So, as well as being able to put on a suit and talk like a twat, you need the ability to swing your fists inappropriately?

one of the senior region heads apparently threw him across the toilets for a severe pasting but it got stopped by one of the guys that walked in.

There were a number that wanted to totally fill him in but during the last weeks he never turned up at the HQ.

Def will be a film or book about this guy as all this is just the tip of the iceberg so to speak.

[Purple Dalek]

Dick Fuld was an egocentric and have serious personality and attitude problems - I am sure there will be a book about him but from those that worked their

Didn't he lose his commission for striking superior officers? And I heard that when Lehmans finally went bust a group of his staff gave him a proper shoeing.

So, as well as being able to put on a suit and talk like a twat, you need the ability to swing your fists inappropriately?

[Mich the Tester]

Dick Fuld was an egocentric and have serious personality and attitude problems - I am sure there will be a book about him but from those that worked their

- he never liked people below a certain level to look at him in meetings
- he was always right
- he had the opportunity to save Lehmans upto 10 days before it went tits up but was holding out for more money - which wasnt going to come

I wish someone would just kneecap him in the desert and put a glass of water 2 miles away and then snap his elbows and put it on Pay Per View to watch.

Man is a disgusting example of what humans have become

Apparently some bloke smacked him in the company gym.

http://www.telegraph.co.uk/finance/f...thers-gym.html

Not hard enough it seems.

[Liability]

Dick Fuld was an egocentric and have serious personality and attitude problems - I am sure there will be a book about him but from those that worked their

- he never liked people below a certain level to look at him in meetings
- he was always right
- he had the opportunity to save Lehmans upto 10 days before it went tits up but was holding out for more money - which wasnt going to come

I wish someone would just kneecap him in the desert and put a glass of water 2 miles away and then snap his elbows and put it on Pay Per View to watch.

Man is a disgusting example of what humans have become

[Mich the Tester]

Most people hold themselves back from going after management positions because they think you need some special skills.

Well, these episodes show the only real skill is the ability to put on a suit and talk like a twat, and just about anyone can do that.

WHS

[Purple Dalek]

Most people hold themselves back from going after management positions because they think you need some special skills.

Well, these episodes show the only real skill is the ability to put on a suit and talk like a twat, and just about anyone can do that.

[BrilloPad]

Fuld could have saved the bank : he just did not like the price. What a numpty.

[Doggy Styles]

Hindsight is a wonderful thing isn't it?

Well, that's easy to say now...

[bobhope]

Hindsight is a wonderful thing isn't it?