[TigerLikesRooster]

He is insane. If he represents many of those at the upper management at Wall Street firms, we will surely have more surprises to come our way.

[TigerLikesRooster]

Ping!

[aculeus]

Here’s a financial blog worth a daily busy.

http://www.nakedcapitalism.com/2008/12/links-121308.html

[TLI]

Mr. Fuld, 62, who ruled Lehman with an iron fist for 15 years, has told former colleagues and clients that he has no intention of retiring. He has argued that his long experience of Wall Street and the corporate world can still be valuable to companies and chief executives.

Perhaps x-Gov. Blagojevich could be his first client. They seem to have the same issue… recognizing reality.

[dennisw]

He is insane. If he represents many of those at the upper management at Wall Street firms, we will surely have more surprises to come our way.

He got decked, knocked out cold, in the Lehman exercise room a few months ago. By a furious ex-employee. So the story goes. Fuld is the poster boy for pathological Wall Streeters. He had Lehman leveraged 30-1. Fuld made Lehman into a CMO machine that owned mortgage making companies. 

Lehman had a CMO assembly line that Merrill Lynch envied and copied> http://www.nytimes.com/2008/11/09/business/09magic.html
Where the CMO was put together then sub prime mortgages were created to fill it up.
The CMO came before the mortgage.
The mortgage fulfilled the CMO demand instead of the CMOs being created due to having  a high inventory of mortgages

Once the CMO was created it was sold. The vertically integrated process made Lehman billions and Fuld 400 million in the last 6 years

[org.whodat]

Mr Fuld, 62, who ruled Lehman with an iron fist for 15 years, has told former colleagues and clients that he has no intention of retiring. He has argued that his long experience of Wall Street and the corporate world can still be valuable to companies and chief executives.

Guess he can claim he's an expert in lose write off!!!

[lewislynn]

Fuld:
$122,600 Democrat
$32,900 Republican

[lewislynn]

Fuld:
$122,600 Democrat
$32,900 Republican

Looks like getting a job in finance won't be a problem.