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 Search for: Lehman Brothers CEO under fire! Here we go!!!!.
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quasigovy

497 Posts

Posted - 06/09/2008 :  07:47:01 AM
I hope you guys have made some $$ on me.

You will have to cut an paste this like I think.

http://finance.yahoo.com/tech-ticker/article/25540/Lehman-CEO-****-Fuld-Should-Step-Down
Scrooge McDuck

8851 Posts

Posted - 06/09/2008 :  07:59:07 AM
kick him out and pay him a $50mil exit package and then set up the next friend of the club.
rjk88

36 Posts

Posted - 06/09/2008 :  09:28:54 AM
SO you are telling me the the stated 100% down to a 600 credit score is not performing well??? GO figure.
quasigovy

497 Posts

Posted - 06/09/2008 :  09:58:00 AM
Or the interest only, No ratio, with the cash out used to satisfy reserves for a borrower who's only income is social security to 100% with a 660 score. ALL ON THE SAME LOAN!

Nah, I am sure those will do OK!


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rtrefflich

3414 Posts

Posted - 06/09/2008 :  10:50:44 AM
The problem we have today is all we care about is our quarterly reports, let's sell some really stupid products so people will buy them, that way we can have 8 years of gains, but then pay for it all, when we lose the entire company, at the end. If they had focused on long term growth instead of beating last quarters profits they would not be in this position. Those aforementioned loans would have never had been done and we would all be much better off.
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