Monday, October 6, 2008
I haven't read it all just yet, but jeez, who wrote this man's prepared testimony? There's no way he didn't know for quite some time that his company was going for bust.
Born and raised in New York
M.B.A at NYU's Stern School of Business
ATO frat boy for undergrad at CU-Boulder
Worked for Lehman Brothers for 40yrs
Leader of Lehman Brothers for 15yrs
Served on the Board of Directors for Federal Reserve Bank of New York and the Robin Hood Foundation (It Ain't Right!)
Served on the Board of Trustees for Middelbury College and New York Presbyterian Hospital
Forbes ranked #11 in 2008 for CEO compensation
During questioning by Rep. Henry Waxman it was found that:
Since 2000, He has taken home more than $480 million dollars in company profits
He claims that *for the years that Henry Waxman was asking him about* his cash compensation was *only* close to $60 million, and the rest of what he took out under his options was *only* $250 million - avoiding correction of any actual figures Congress had up on the screen for his compensation
Sunday, October 5, 2008
"create unnecessary regulatory burden" -OR- Freddie Mac and Fannie Mae to lend financial backing, the chance for government to make(lose) money in the financial sector, and making up a CRA rating system for banks so government could provide an illusion of accountability.
Think about it kids.
Thursday, October 2, 2008
*Famous quotes taken from CNN (and the V.P. candidates)
Palin said Obama and company do "too much finger-pointing" to stay true to their focus of change
"There have been huge blunders in the war. There have been huge blunders throughout this administration, as there are with every administration"
"But for a ticket that wants to talk about change and looking into the future, there's too much finger-pointing backwards to ever make us believe that's where you're going," she said.
Biden responded with, "Past is prologue."To which Sarah Palin responded: "The Bush administration opened up access to the Tongass Forest earlier this year to private corporations to build new roads which will sustain jobs and subsistence for the residents of Southeast Alaska, so I too am Pro-Log."