Monday, March 22, 2010

Dick Fuld, Please advise us where to send direct deposit info

Dick Fuld, We want our money back. Prior to folding Lehman's Ponzi Repo 105 scheme, you pocketed 500 million dollars.

Now we know why. I wonder why you did not pocket 5 billion dollars or more?

"WASHINGTON -- A senior US senator urged Attorney General Eric Holder Friday to create a task force to investigate possible criminal conduct behind the collapse of Wall Street giant Lehman Brothers.

"I am deeply concerned about the facts that have come to light regarding the demise of Lehman Brothers and the accounting manipulation that contributed to it," Senate Banking Committee Chairman Chris Dodd wrote in a letter to Holder.

"I respectfully ask you to commission a task force to investigate the Lehman situation as well as other companies that may have engaged in similar accounting manipulation with a view to prosecution of employees or agents who contributed to any violations of the law."

Lehman collapsed in September 2008 in the largest bankruptcy in history, triggering a financial shockwave that dragged the global economy into a painful recession that has left US unemployment stubbornly near 10 percent.

Dodd pointed to a scathing 2,200-page report from court-appointed expert Anton Valukas who blamed the bank's collapse on top executives as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase."

Dick Fuld, you said you would stick it to the shorts. You stuck it to us but we were right. You also stuck it to the elderly who lost their life savings investing in your "safe" bonds. And you stuck it to the dumb "smart money" that kept buying your Ponzimonium stock sales. And lest we forget all your honest and now penniless ex employees you stuck it to not to mention ones that died skiing and were scapegoated and fired for whistle blowing.

By shorting the stock then buying it back when it was deemed reasonable, we were investing in Lehman without being gullible to the reality.

The fact that you and your minions hid 50 billion in your worthless levered up ponzi schemed commercial and residential Real Estate is not our problem.

It's yours. Since you're headed to the big House, you won't mind giving up most of that money to those that were tricked by you and your underlings( both long and short holders of Lehman) so we can use it to stimulate the economy in ways your Wall Street Repo man Ponzi schemes did not.

The Man better get used to being a laughing stock and apparently a punching bag.

"Richard Fuld punched in face in Lehman Brothers gym"
"Mr Fuld, who has been testifying on the financial crisis before the US House Oversight Committee, was attacked on a Sunday shortly after it was announced that the banking giant was bankrupt.

Following rumours that the incident had occurred, Vicki Ward, a US journalist, said "two very senior sources - one incredibly senior source" had confirmed it to her. "He went to the gym after ... Lehman was announced as going under," she told CNBC. "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 [Mr Fuld's testimony to the committee], I'd have done the same too."

"I thought he was shameless ... I thought it was appalling. He blamed everyone ... He blamed everybody but himself."

Wait until he's in the big house. Being a rag doll will be the least of his worries.

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