I suppose the average Joe is assumed not to have the knowledge that Fuld held all his shares during the last year of Lehman Brothers and watch something on the order of $347M shrink to about a quarter of a million at the end. Don’t get me wrong - he’s not a poor man by any means. But it’s not like he bailed on insider information - he rode that train all the way off the tracks.
And a note to the amateur detective who researched the property records - the move to her name is not all that unusual for a wealthy person in FL - due in part to the Florida Constitution’s amazingly generous homestead protections. If she wasn’t a Florida resident before look for her to have moved there yesterday in anticipation of a bankruptcy. The 2005 Bankruptcy law amendments have changed things a little bit - you do not see people moving to FL and filing for bankruptcy protection almost simultaneously(a la Bowie Kuhn in the late 1980’s) but after 40 months - you have unlimited exemption.
Thanks, but what is the average Joe’s attitude? Is he saying to hell with it, the big guys can get away with this, so I’ll just do what I can to do the same, or what.