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TMFBomb (92.56)

I'd like to punch him in the face!

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October 11, 2008 – Comments (3) | RELATED TICKERS: LEH , GS

I'm a little late on this one, but it's been cracking me up all week.

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.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3150319/Richard-Fuld-punched-in-face-in-Lehman-Brothers-gym.html

Fuld does seem smug through it all, but I do share his wonderment at how Lehman was allowed to fail when just about everyone else got bailed out.  It may have just been bad timing...Paulson drawing the line somewhere.  Still, I do wonder if any personal politics were involved.  Goldman and Lehman were competitors...I know I'd be less than generous if TheStreet.com needed a bailout...just saying.

All that said, this would be a fascinating poll question: "Given a free shot, which Fat Cat would would you punch in the face?"

I'm having a hard time coming up with one.  There are certainly a bunch of CEO's who have run companies into the ground and gotten away with huge paychecks, but how many of us would actually give the money back?  Incompetence doesn't get my dander up... it would have to be someone with cruel intentions?  Any suggestions?

 

3 Comments – Post Your Own

#1) On October 11, 2008 at 7:13 PM, SemperGumby77 (64.75) wrote:

In order : Dick Cheney, George Bush, Hank Paulson, Alan Greenspan, Ben Bernacke, all the folks over at AIG.

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#2) On October 12, 2008 at 11:13 AM, garyc27 (< 20) wrote:

Angelo Mozilla would be my first choice, Alan Greenspan is number 2.  If we aren't limited to CEO's, I would also like to select Christopher Cox, Barney Frank, Chuck Schumer, and Christopher Dodd, and Harry Reid.

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#3) On October 12, 2008 at 12:17 PM, columbia1 wrote:

Barney Frank, The most incompetent person in the congress, in charge of the committee that is responsible for encouraging lending institutions to loan to under qualified applicants, then allow FNM and FRE to leverage so high is out in out treason. Then blame everybody else, refusing to take any responsibility himself.

P.S. There is lots of blame to go around, Democrats and Republicans alike, but a large portion lays on Frank himself!

Fat cats would of not got so fat, if it were not for fat cats like Barney Frank. He enabled and even incentivized the CEO's of FRE and FNM to make/buy the loans.

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