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.
Derivatives is a taboo word these days. It’s rare that someone even mentions them directly. As a protest vote, Ron Paul is good. However, I question his economic polices. Libertarian Austrian School economics is what got us into this mess in the first place. It’s time to get rid of Milton Friedman and Friedrich von Hayek and return to the Alexander Hamilton, Abraham Lincoln, FDR New Deal, and the American School of economics.
