I would settle for a repeal—for certain extraordinary circumstances—of bills of attainder. People like Fuld should not be able to walk away from their messes into a lucrative obscurity.
The clown needs his ass thrown in jail. He did great damage to his own employees, the American people and our economy overall.
and now he is going to take the money and run ?
He should be in jail. Right now.
"The trouble started when John Succo, trading manager at Lehman Brothers’ equity derivatives volatility desk, agreed to speak at an investment conference sponsored by Grant’s Interest Rate Observer.
After discussing the pricing of risk and the correlation between equity derivatives and the underlying stock market for a while, Succo was asked a question. “I don’t think my boss is here, so I’ll address that,” he responded. “I don’t think that the people running our firm, our equity floor, have any idea of the things that we actually do, of how we...(audience laughter) I’m serious...of how we hedge, the products that we’re involved with, the amount of risk we take or the lack of risk we actually take.”
It would be a great pity if they are the only one left standing.
In a just Wall Street...they would have been first to go.