Marie Antoinette is Alive and Well on Wall Street
And we all know what happened to her. Public fear and anger are reaching a boiling point. Don’t think it couldn’t happen again.
Yesterday’s congressional hearing uncovered some unbelievable sociopathic attitudes that are just begging for another guillotine (or maybe something else that isn't as quick). Lehman Brothers CEO Richard S. Fuld, Jr. was questioned by the House Oversight and Government Reform Committee. He at least had enough sense to act humble and cry the requisite crocodile tears:
“This is a pain that will stay with me for the rest of my life…Until the day they put me in the ground, I will wonder.” Yada yada yada…
Henry Waxman (D-Calif.) made Fuld do some serious squirming. But then John Mica (R-Shitstain) tried to trivialize the whole procedure by telling Fuld: “If you haven’t discovered your role today, you’re the villain, so you have to act like the villain.” Hahahahahahaha. Millions of people are scared to death that they won't even have a job or a home next month. Let’s make fun of them. Douchebag!
And some interesting internal e-mails were uncovered. Last June, some executives from a Lehman subsidiary — Neuberger Berman — suggested to Fuld that Lehman’s top executives give up their bonuses this year. This would “send a strong message to both employees and investors that management is not shirking accountability for recent performance.”
Can you say “Lead Balloon?”
Fuld shot down the idea. And another Lehman executive, George H. Walker — you guessed it, he's part of the Bush Crime Family — was even more appalled by that socialist outburst. He sent an e-mail to the rest of the executive committee: “Sorry team. I am not sure what’s in the water at Neuberger Berman. I’m embarrassed and I apologize.”
And you thought Dumbya was the biggest asshole in the family.
cross-posted at Bring It On!