Ok, small consolation here but it’s still entertaining to hear about Lehman Bros CEO getting knocked out after bankrupting the company… He still made out like a bandit, to the tune of $480 million. Fuld should be jailed, his assets should be seized and distributed to the people who lost money… stealing from ppl’s retirement fund is about as reprehensible an act as one can commit. Old people will suffer as a result of this.
The other funny thing is – I’m not sure anyone noticed, but – the hedge fund in question was named Harbinger, as in Harbinger of DOOM. How prophetic.
CNBC and Vanity Fair’s Vicki Ward reports:
While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.
“Frankly, I sat there and listened and I’m with the guy who apparently, the day before Barclays announced they were coming in and Lehman had already filed for bankruptcy, went over to him in the gym and punched him because that’s how I feel when I, you know, when I watched that,” Ward said on the Oct. 6 “Power Lunch.” “I didn’t think he was contrite at all, I thought he was arrogant.”
Ward confirmed previous reports about the incident that reportedly occurred Sept. 21 and said the information came from “two very senior sources.”
“From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold. And frankly after having watched this, I’d have done the same too.
Ward determined Fuld deserved the beating based on his testimony before the committee.
Too bad he didn’t have a gun!!!
Well, I can’t advocate violence, especially gun violence, but I think the story is hilarious. Fuld seemed relatively undamaged. I don’t wish any ill will on these people, I just want them out of power. And then I want to fix the system so this kind of thing can’t happen again.
One of the tricks the oligarchy uses to control people comes from a book called “Gangs and Counter-gangs” by Frank Kitson. The basic idea is to start a group which looks like the group you’re trying to discredit, but performs violent atrocities. The end result is the original group is destroyed because of the crimes the fake group did in its name. Then all the peaceful people leave because they have no interest in fighting the police, being jailed, & fighting the national guard. So, as soon as a group becomes violent they’re essentially a tool of the oligarchy.
This is how Bill Ayres and The Weathermen destroyed Students for a Democratic Society. They started talking about a violent overthrow of society, making bombs, bombing the Pentagon, etc. As soon as a group resorts to violence, they’ve isolated themselves from the peace-loving majority and are discredited.
The only way to combat this is for everyone to see that violence solves nothing.
This strategy is one way you can see the whole Al Qaeda thing is fake. It is impossible for bin Laden to have any alliances in business or trade with anyone because he considers anyone who doesn’t follow his strict interpretation of Islam an infidel. And, of course, infidels should be killed. Fundamentalists isolate themselves by definition. They also act as a magnet for angry voices in the region, in this case the middle east.
Violence is not the answer. Educating people and showing them who the true enemy really is, I think, is the only way to really change things positively.