(no subject)
Some more amazing stuff related to the global economic clusterfuck.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3150319/Richard-Fuld-punched-in-face-in-Lehman-Brothers-gym.html
Richard Fuld, the disgraced head of Lehman Brothers, was punched in the face in the office gym amid the bank's collapse.
...
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."
http://abcnews.go.com/Blotter/story?id=5973452&page=1
Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.
Also, Iceland like...ran out of money.
http://www.independent.co.uk/news/business/analysis-and-features/iceland-dancing-on-the-brink-of-bankruptcy-954587.html
Every morning, it seems, the residents awake to news of fresh problems in their country's banking system. Last week, the country's third largest bank was nationalised. This week, the government dismissed the board of directors of Landsbanki, its second-largest bank, and put it into receivership. On Monday, the Prime Minister, Geir Haarde, warned its citizens the country faces bankruptcy.
Iceland, with a population the size of Bristol, is rated by the UN as the most developed society on earth. But it now faces less welcome distinction as the country worst exposed to the credit crunch, with banking debts several times bigger than its economy.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3150319/Richard-Fuld-punched-in-face-in-Lehman-Brothers-gym.html
Richard Fuld, the disgraced head of Lehman Brothers, was punched in the face in the office gym amid the bank's collapse.
...
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."
http://abcnews.go.com/Blotter/story?id=5973452&page=1
Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.
Also, Iceland like...ran out of money.
http://www.independent.co.uk/news/business/analysis-and-features/iceland-dancing-on-the-brink-of-bankruptcy-954587.html
Every morning, it seems, the residents awake to news of fresh problems in their country's banking system. Last week, the country's third largest bank was nationalised. This week, the government dismissed the board of directors of Landsbanki, its second-largest bank, and put it into receivership. On Monday, the Prime Minister, Geir Haarde, warned its citizens the country faces bankruptcy.
Iceland, with a population the size of Bristol, is rated by the UN as the most developed society on earth. But it now faces less welcome distinction as the country worst exposed to the credit crunch, with banking debts several times bigger than its economy.