The taxpayers would have preferred drawn and quartered then placed in one of those old fashioned stocks, standing with his head and hands exposed outside the HQ building so we could throw rotten fruit at him. At least we’d feel better. Why such seeming post-partisan enmity in the new change era?
Let’s begin on page 43 of [...]
Former Merrill Lynch CEO John Thain Fired
Posted on 23 January 2009 by Denis Campbell | Comments (0) | Tags: $1.2 million dollar office renovation, 20 billion dollars in bailout money, Citigroup, John Thain, Keith Olbermann, Merrill, Merrill Lynch, Merrill Lynch CEO John Thain, performance bonuses, worst persons in the world
Are Ike, AIG, Merrill and Lehman Good News?
Posted on 15 September 2008 by Denis Campbell | Comments (0) | Tags: 9-figure earning fund managers and bankers, AIG, bank stocks have fallen 20%, bankruptcy, Barclays, behaviours became more sinister, best of all worlds, Black Monday, BofA, Bush Administration turned a blind eye, could make money however they wished, dodgy instruments, Dow losing 700-800 points, extradition treaties, Federal Reserve Chairman Alan Greenspan, financial world markets 6% off, frog-marching of those responsible to jail, fund managers, Hong Kong fund managers and bankers, Ike, keep the party going, leaving someone else to hold the bag, Lehman, London, make room in The Hague, managers would then retire in mock shame, Markets fell precipitously, Merrill, new brand of global criminal, New York, non-financial world, party is over, repackaging horrifically bad home mortgage loans as sec, rest of us have to pay the bill, safe in the knowledge government(s) would always bail t, said no, seizure of their ill-gotten gains (assets), shotgun wedding without Bear Stearns like bailouts, stability and sensibility, The City, their millions already safely invested, thumbed their noses, ticking bomb of AIG Insurance Group, transparency and sensible regulation, unbridled optimism and irrational exuberance, Wall Street, wiping smug “greed is good” grins, worldwide
Am I smoking something?
There is a perfect storm in financial world markets… 6% off by noon London time – equivalent of the Dow losing 700-800 points. This could be a Black Monday in New York with the bankruptcy of Lehman and worldwide, bank stocks have fallen 20% or more. And perhaps, finally, transparency and sensible [...]
















































