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!
Labels: George H. Walker, House Oversight and Government Reform Committee, John Mica, Marie Antoinette Wall Street, Neuberger Berman, Richard S. Fuld Jr.
posted by Tom Harper @ 11:24 AM
22 Comments:
Sure, the water might be a bit lukewarm? But hot guillotine action? Here? A man can dream, Philip J. Fry, a man can dream. Sniff.
I can't even begin to express just how much I hate these fuckers. The most frustrating part? All this rage would be better served screaming at my teevee the next time the Browns fuck up, but nooooo, all these assholes refuse to spontaneously combust.
No, W. is the worst DUMBASS, but when it comes to being an abject failure as a moral human being, you look to his parents, both of them.
Randal: Yup, dreaming and yelling at the TV; that's about all the plebes can do.
Chemist: There must be a terrible gene in that family. Too much inbreeding within a small blueblood community, or something.
YES, the guillotine and we'll start with dear granny barbara... evil woman !
It's so infuriating that this is all for show.
Anonymous: Yes, Barbara would be a good starting place :)
Candace: I guess Congress wants to make it look like they're concerned about this.
Yep, I agree with randal...If I could convert all the anger I have for these EVIL bastards, into money, I'd be rich!
Huh, I guess I could settle for watching Ole' Evil Barb being drawn, and quartered.........On Fox News..........Now that'd be entertaining!
United In Peace And Freedom
AHB: Yeah, if all that anger and frustration was channeled into wealth, we'd all be rich. I'll keep an eye out for that program on Fox News.
it's all a big joke to them, they get to sit in their McMansions in their gated communities while they screw the American people out of their future.
Lew: That's right, and then our congressional "representatives" who "questioned" them, go home at the end of the day to THEIR McMansions and gated communities. It's all just so cozy. I can't understand why nothing changes.
After hearing that AIG took the $85 billion then went on vacation using that money for any and everything to relax and enjoy. I would love to see Fannie Mae and Freddie Mac answer some of these questions as well.
As for George H. Walker, Bush's cousin and Fuld, they can all jump right off a cliff.
Paulson should hand every penny back to the American people and forget about this bailout.
Let's Talk: My sentiments exactly. I hadn't even read about the AIG part of this when I did this post. It just keeps getting worse and worse. Let's get that cliff ready.
Reminds me of a few years ago when American Airlines screwed its pilots coming and going (pun intended). That is, the ones it hadn't dumped to cut costs in an effort to make the company profitable.
When AA did start to turn a profit again, it handed out big, fat bonuses throughout the executive suite. And the pilots obliged to sacrifice so the company could survive? You guessed it; they got nothing.
Mention these regularly occurring incidents and our friends on the right accuse us of class warfare. The truth is that class warfare has been going on for 30 years, and they've been waging it very successfully against the rest of us.
Wheel out the guillotine and let's have at it.
Yeah, some really odd things coming out of tried and true right-wingers at the moment. Our PM, a self-described "economic conservative" in the last election is now calling for an end to "extreme capitalism."
I'm sorry, I can't see this guy waving a red flag and leading a revolution ;)
Heya Tom,
This should get your blood boiling.
http://www.cnn.com/2008/POLITICS/10/08/politicians.meltdown.aig.ap/index.html
aha, should have read the comments first. You've already got it.
SW: I don't remember that about American Airlines in particular, but that's the kind of thing that's been going on all over the country. Service cutbacks, layoffs, reduced wages and benefits -- but the one thing that seems completely untouchable is the executives' salaries and bonus packages.
Oops, I'm engaging in class warfare.
Benjamin: Well, that's good that the PM is changing his political views. Whether it's a genuine conviction or just responding to the polls, it's gotta be a good sign.
Mike: Sorry but the link didn't work.
It ain't just Wall Street. Dop by and see us.
I just heard AIG execs canceled a scheduled fun day at the Ritz. And the funny thing is that we're the ones who'll end up paying the cancellation fee.
PITS: That's too funny. Even their meaningless gestures are costing the taxpayers more money.
The greed is amazing. I echo Randal's sentiment--I find the attitude outrageous. BTW, I've added a link to you over at Swerve Left. Nice blog!
Karlo: Yup, this level of greed is outrageous. Thanks for the link; I'll link to you as well.
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