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Smokey1226
10-06-2008, 11:54 AM
On CNBC, getting drilled right now.

He took home 60mil a year and had well over 250million in bonus's, stocks, funds ect.

Has a multimillion dollar art collection, and 4 multi million dollar houses.

Damn, he is in the hot seat and its awesome to watch!!!
Karps TA
10-06-2008, 12:08 PM
Yeah and I read they were rushing to give execs millions in bonuses before going under. Greedy pricks.
Smokey1226
10-06-2008, 12:11 PM
I feel so bad for all the thousands of employees who lost a huge if not all of their retirement accounts as well as their jobs.

I couldnt imagine working somewhere for 30+ years planning to retire in 5-10 years and just lost 3/4 of my retirment funds. Extremely sad
Karps TA
10-06-2008, 12:36 PM
Yep. You do everything right and still get screwed over. It's the American dream. lol
CPonyGo
10-06-2008, 12:42 PM
why not liquidate his shit for Lehman's bailout???
DirtyMax
10-06-2008, 12:53 PM
The saddest part of this whole thing is that we and all of the rest of the companies who run a straight ship in this country are now going to "bail out" all of these large companies whose executives kept borrowing from the cookie jar in the form of bonuses and bloated salaries and this greed ran them into the ground.
Smokey1226
10-06-2008, 12:55 PM
why not liquidate his shit for Lehman's bailout???

You should of heard the one guy talking about that. Fuld looked like he was going to tear up!

He owns 8 million shares of the company and he opted to pay his shares out first before everyone else's......what a schmuck
Holeshot
10-06-2008, 02:40 PM
KILL EM ALL LET GOD SORT EM OUT. Hell get convicted and kill himself anyway. Fvcking looser.
jbiscuit
10-06-2008, 02:49 PM
these banker pricks are some shady guys. Never realized how much they'd sell out everything they have worked for to make a buck. These guys were collecting their bonus checks and then stepping down to let someone else clean up the mess. I'm sorry but our country and the mortgage industry is really doomed.
Smokey1226
10-06-2008, 02:52 PM
Thats why i would like those fawkers not to give the bailout and let them screw themselves.


However i still feel bad for everyone that worked for the company that really did bust there but for an honest living :(
Windsors 03 Cobra
10-06-2008, 03:01 PM
One of those folks apparently punched this arrogant prick fuld right in the face and knocked him out. :thumbsup
In the lehman bros gym after the bankruptcy was announced, supposably it was one of the first "sightings" of fuld after the announcement.


http://www.businessandmedia.org/articles/2008/20081006150152.aspx
From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. Fuld was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked Fuld out cold.
Smokey1226
10-06-2008, 03:05 PM
yeah i heard that as well. He just seems like a snake during that interview...saying they quoted him at 10million shares of stock and he replied " absolutely not, i ONLY have a total of just over 8million shares"

ARE YOU SERIOUS?!?!?
Karps TA
10-06-2008, 03:09 PM
That guy is my hero. I wonder how many CEO's will now stop working out in company gyms? lmao.

Although most likely they'll just stop allowing peons to work out in them.
Smokey1226
10-06-2008, 03:19 PM
Good news for the day.....Dow pulled back from being down 800 points to only down 365.....ill take that!!!
Adam Brooks
10-06-2008, 04:50 PM
Good news for the day.....Dow pulled back from being down 800 points to only down 365.....ill take that!!!

yes, lots of short covering this afternoon squeeze the market higher. prevented me from shorting into the close. watch for the gap up tomorrow am, wouldn't be surprised if sell offs happen again once we hit morning highs and finish the day +/- 1%
Windsors 03 Cobra
10-06-2008, 04:53 PM
Cramer's panic: A signal to buy stocks?
http://bigpicture.typepad.com/comments/2008/10/contrary-cramer.html
Adam Brooks
10-06-2008, 05:00 PM
not yet in terms of the overall market, more layoffs to come, foreign banks credit is now frozen and they are in need of bailouts, foreclosures still occurring, week holiday season, global economic slowdown in general etc. DJIA is still in a free fall. we will see consolidation (side ways movement) for a while before the dow starts to go up again, and it wont happen over night.