Pinstripes to prison stripes for Fuld?

FierceFinance ^ | 10/15/08 | mbernhart

[TigerLikesRooster]

Ping!

[ikka]

Fuld, then Franklin Raines, Jim Johnson, Jamie Gorelick...

[SERKIT]

Let’s get others fitted for the orange jumpsuits for Federal prison, too: Dodd, Franks (send him to a women’s prison so he won’t think he died and went to heaven), Clinton (send her to a men’s prison so she won’t think she died and went to heaven), Obama...

[ken21]

franklin raines, jim johnson, jamie gorelick should be in prison, but they’re democrats.

[aShepard]

Maybe he and Mozillo could share a cell.

They could be prisioner Bubbba’s!

[Ruth C]

I’m with you, and let’s include the Acorn executives and any and all of the congress who voted for the new CRA bill which gave them so much power!

[Eric in the Ozarks]

Dodd, then Raines, Gorelick...

[reaganaut1]

Making bad business decisions should not be a criminal offense. It’s probably true that Fuld painted an overly optimistic picture of Lehman’s finances, but CEOs are expected to put on a brave face, especially when they are trying raise money. Should Bush go to jail because he made optimistic statements about Iraq for too long before the surge?

Do you want businesses run by lawyers?

[Moonman62]

I suggest a televised trial by ordeal. Dunk him in water to see if he drowns.

[Wolfie]

That’d be a real shame.

[Toddsterpatriot]

If the aftermath of corporate failures like Enron and WorldCom are any indicator, the general public and the U.S. government will want the Wall Street titans partially responsible for the financial meltdown sent straight to the slammer.

As long as the politicians "partially responsible for the financial meltdown" are in the next cell.

[Jack Black]

Dick Fuld’s firm is in bankruptcy.

It didn’t cost taxpayers money. Why all the attention on him? I’m more interested in the CEO’s of the firms that have taken hundreds of billions of tax dollars. Goldman, JPMorgan, etc.

These are the people who are costing me real money.

Go after feld is like arresting the victim of a mugging and letting the muggers walk free.

[Toddsterpatriot]

He's an easy target because he was on top of the CEO compensation list for so long. Unless he committed a crime, they should leave him alone. But as long as the mob is chasing him, they should chase Raines, Frank, Dodd, Obama etc.....

[Liz]

And don't forget AIG's CEO Sullivan. Sullivan walked away with millions in bonuses and a platinum parachute.

The AIG greedsters have now been given $122.5 billion tax dollars and are
already in hot water for excessive perks including a $440,000 junket at this
luxe California spa AFTER the feds bailed them out.

Wonder how many sex acts taxpayers paid for. Lookit this fat AIG CEO. Guy's
gotta be paying for it. No decent woman would perform a sex act on this pig
voluntarily.

[Liz]

Fuld's testimony before Congress was assinine----from Fuld's point of view he was screwed over by his fellow sharks. But Fuld deserves all the blame for not out-thinking these sharpies.

Fuld failed to line up his chess pieces in the high-stake financial games.........shoulda checkmated at the proper time. That's what he was paid half a billion to do.

All of these financial guys are Major Users. They play off each other---in sophisticated mind games to get a specific reaction. They then turnaround and use the other person for The End Game........ to enrich themselves. Very much in evidence when Fuld testified before Congress.

Same goes for hedgers.

[Oldpuppymax]

I don’t suppose the faithful dem lapdog Cooper mentioned any politicians or former political hacks in that little list of his did he?

[groanup]

According to John Ashcroft's sworn testimony in front of the 9/11 Commission the attacks were unforseen because of the wall of separation between law enforcement and intelligence that was implemented during the Clinton Admistration.

The person who issued the order to create that wall was Deputy AG Jamie Gorelick.

The same person who was Vice Chairman of FNMA during the years it cooked the books to create bonuses for high level employees.

Why isn't Gorelick doing a perp walk?

You'd have to go back to Jefferson Davis and Abe Lincoln to find someone who damaged the country more than Jamie Gorelick.

[elpadre]

the more of these corrupt, greedy manipulators of the market are indicted and serve time, the more confidence the public will have in the system,. But these prosecutions must be timely. They must not be dragged out forever and ever like Jefferson(D) of Louisiana.

[NurdlyPeon]

I suggest a televised trial by ordeal. Dunk him in water to see if he drowns.

Throw him in the water. If he floats, then he's a witch, and we burn him at the stake. If he sinks to the bottom and stays there for five minutes, then he's innocent.