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A measure of payback
Posted by: McQ on Tuesday, October 07, 2008

Reportedly, former Lehman CEO Richard Fuld got a little physical payback for his expert handling [/sarcasm] of the bankruptcy of Lehman Brothers.
“From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. 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 this, I’d have done the same too.”

Ward determined Fuld deserved the beating based on his testimony before the committee.

“I thought he was shameless,” Ward said. “I thought it was appalling. He blamed everyone. He blamed, as you say, ‘naked short sellers’ over and over in case we didn’t get the point, when in fact hedge funds like Harbinger had money locked up in Lehman and was shorting it to try and make the most of the money that they already had. He blamed everybody but himself.”
I'm sure there are many people who'd like to extend the reward Fuld was given to a number of other financial CEOs and politicians. Of course, violence isn't the answer, and it isn't something which should be condoned, however, in some cases, and in your own private moments, you can't help but do a little fist pump and mutter "yeah!".
 
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Incidentally, Brian Lehrer, the liberal-leaning host of the morning political show on WNYC (the major New York NPR station), made similar comments this morning: "You know we don’t condone violence on this show, but you had to feel a little schadenfreude on hearing this story..."

Finally, something we can all agree on :)

 
Written By: Mithras
URL: http://harnly.net
Maybe Brian Lehrer should punch Barney Frank and the other parasites.
 
Written By: TheOldMan
URL: http://
Menken, anyone?



 
Written By: Bithead
URL: http://bitsblog.florack.us
Yeah, how far is it acceptable to take this? Because Franks, Dodd and co. have a Tyson-sized beatdown coming their way
 
Written By: shark
URL: http://
Of course, violence isn’t the answer
I’m sorry, what was the question again?

The lack of fear of an impormptu beating is behind a great deal discourtesy and general nastiness in today’s society. The legality is problematic, but when people, especially men, have reason to expect a swift, justifiable ass-beating in return for bad behavior, they seem to care more about accountability.
 
Written By: Augustus
URL: http://
pedro doesn’t get it. is this how the free market works? you can take a swing at me if you give me $480 million dollars. heck you can take two swings, for half that.
 
Written By: pedro the illegal alien
URL: http://
pedro doesn’t get it.
True.
 
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