tag:blogger.com,1999:blog-21258644.post7348049312793995280..comments2024-03-27T15:45:49.926+04:00Comments on Life in Dubai: Accepting responsibilitySeabeehttp://www.blogger.com/profile/06939892206726271433noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-21258644.post-25155848847818084352008-10-09T17:34:00.000+04:002008-10-09T17:34:00.000+04:00How come no one is screaming terrorism!?! This is ...How come no one is screaming terrorism!?! This is economic murder. To literally rob people of their money by gambling it off, and taking a whopping share of the profits while you know very well you are not doing well. Should these bankers not be charged with a crime? How come BILLIONS have just gone poof! into thin air and no one is charging these people with a crime. Instead they are being given even more money to gamble off - $700,000,000,000 to be precise! Thats like offering terrorists a bailout package of MORE WEAPONS just after we have seen them fly planes into the WTC. Am I missing something here or is it possible to get away with ANY CRIME if you are a high flying suited-booted banker!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21258644.post-34371410468701255662008-10-08T12:20:00.000+04:002008-10-08T12:20:00.000+04:00Well, you could be branded anything from a bleedin...Well, you could be branded anything from a bleeding heart liberal to a communist if you dared to criticise stuff like excessive bonuses....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21258644.post-46983787813120296622008-10-07T21:37:00.000+04:002008-10-07T21:37:00.000+04:00Thieves by any other name.Thieves by any other name.Keefhttps://www.blogger.com/profile/04820411415545249138noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-50952264010811275762008-10-07T16:39:00.000+04:002008-10-07T16:39:00.000+04:00Fuld was also the one who completely ignored all w...Fuld was also the one who completely ignored all warnings from subordinates. Several of them sounded the alarms very early and he didn't want to hear it. It is believed he lost north of $500MM in one day with his position in Lehman. Waxman is, however, correct that he will walk with more money than you or I will ever see. Poor dear may have to sell some of his art. Heaven forfend!The Last Ephorhttps://www.blogger.com/profile/10546829944086243794noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-19385990290998252152008-10-07T16:17:00.000+04:002008-10-07T16:17:00.000+04:00With government collusion by deregulation and no-o...With government collusion by deregulation and no-one keeping their excesses in check they were able to enrich themselves with other people's money. Everything based on short term results, vast bonuses based on the share price at the end of the year so they did anything and everything to get the share price up. Good for the business? Who cares, it was all about a few people making a lot of money and to hell with the company and everyone else. It always was a recipe for disaster.Seabeehttps://www.blogger.com/profile/06939892206726271433noreply@blogger.comtag:blogger.com,1999:blog-21258644.post-22099063981008207542008-10-07T15:11:00.000+04:002008-10-07T15:11:00.000+04:00Unfortunately the investment banking industry give...Unfortunately the investment banking industry gives people like Fuld a lot of power and money. They invest in pathetic instruments like mortgage-backed securities and what happens? A 158-year old bank with US$ 600bn (Yes, that was their balance sheet size) in assets is led to its demise. Hunger, greed and the utter lack of ethics has plagued this industry for ever. Enron, Worldcom and now Lehman are the largest examples. BTW this is one of the highest paid professions. Sad that the price of the decisions of a hungry bastard is to be paid by innocent tax payers.Songwriter F Spacehttps://www.blogger.com/profile/08010069487652485443noreply@blogger.com