Discussion Thread: Lehman CEO testimony LIVE on C-Span

[He might have taken something to keep him calm, eg. valium or another drug. You can’t blame him when he has to face Commie Democrats in public]

I suspect it's deeper than that. That vapid look in his eyes has been there for a while now.

How he negotiates the path before him will be the manifestation of his life's character, or the lack thereof - as the case may be.

We should encourage him to make the most of his ability to effect reform within the system. Much more usefull than chasing him down the street with tar and feathers.

Congressional “hearings” have become worse than Communist show trials.

The accused are already guilty. The hearing is not intended to find facts or understand anything with any depth.

Once the hearing (trial) has lasted long enough, it does not matter what action is or is not taken, with any follow-up.

The objective, the public prosecution of “the guilty” and destroying their personal and professional life has been achieved.

Anyone going before a hearing conducted by Congress should, whenever possible, make jokes and otherwise “take the fifth”. You have a better chance in a court of law. At least in a court-of-law you can criticize and challenge your opponents at will; your lawyers can even interrogate them and question their actions and their motives; something not on any agenda of any “Congressional hearing”.

CSPAN is just joining the Obama campaign rules for the day; which is (and was dutifully obeyed by Congress, by just having the hearing): keep “Wall Street” not Freddie and Fannie as the topic of the day.

Notice that whatever happened at Lehman Brothers, they took no taxpayer bailout to make them solvent; they just took normal bankruptcy. So, whatever their CEOS and their investors received and whatever their officers and investors lost, was on their dime, not ours.

But, ever since Freddie and Fannie failed and were put under a conservatorship with the Treasury, with billions of taxpayers money already pumped into them and billions more needed before they are whole again, and the Congressional hearings were held when? Not held. Scheduled? Not scheduled. Planned? Not planned.

The Obama-Pelosi-Reid show intends that the “scandal of Freddie and Fannie” is off the air for now and to be permanently canceled after the election.

That is the number one reason there is hearings in Congress about Lehman Brothers today - Lehman, which has so far cost the taxpayers nothing vs Fred/Fan which have cost taxpayers hundreds of billions with the meter still running!!!

Yeah, I thought Fuld did pretty well. Over on the ‘someone punched him in the face’ thread a lot of freepers seemed to feel he deserved it. Strange, punishment by thuggery for the crime of making too much money doesn’t strike me as particularly conservative.

Guess I’m getting old.

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