bisonte

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    • Wed Jul 16th 04:08 AM
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      Lehman: The End Game
      That Lehman or any of these publicly traded companies can run themselves into the ground and then turn around and "go private" is a crime. The people who run these companies should be indicted for malfeasance and theft. The shareholders, in good faith, put money into the company which is then essentially stolen by the people running the company and then when the company goes down the government comes in and takes on all the problems and those in high positions in the company cut and run...or with more chutzpah steal the company from the shareholders.


      On Jul 15 11:30 AM narayan23 wrote:

      > Can't agree with you more, especially since I understand that a lot
      > of the toxic garbage mortgages have yet to hit the LEH books! I know
      > of a guy in DC who owns a property in Va (700K) and a property in
      > DC (Condo) (500k). He got a no-doc loan 80% first from LEH for both
      > and a 10% second (wells fargo, I understand this is a well run bank!!)
      > and the sellers kicked in the remaining 10% (were they smart to get
      > out or what). The guy has bad credit and NO JOB!
      > Of course everyone got their fees and the taxpayer holds the garbage....

      >
      >
      > These guys need to go down to show that the system is not entirely
      > corrupt
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