Will the Fed let Lehman Fail?

[Coronita]

[quote=pedrocon]Lehman is run by ‘Lame Men’ who went to Harvard and Wharton etc. Goes to show it doesn’t matter where you went to school. We’re all human and prone to error. ^%&! Lehman! [/quote]

Whatever. I’m sure if you compare bank accounts to those people that ran the company, there’s apparently would be a world difference between those “those idiot CEO’s that went Harvard and Wharton”. It might be the the case that all humans are idiots…. some are less idiots than others. I wouldn’t call someone who has a golden parachute regardless how well or not well he/she does in idiot. Can you say that about your own job security? Have you run a multi-billion dollar company? Didn’t think so.

[Ex-SD]

Actually, these so-called “idiots” are pretty damned smart. They continue to screw over the masses and walk away with millions of net dollars in their bank accounts. On top of that, very few ever are hauled into court: much less, convicted and serve any time. I wish I didn’t have a conscience……………..otherwise, I would attempt to be just like them.

[Ex-SD]

Actually, these so-called “idiots” are pretty damned smart. They continue to screw over the masses and walk away with millions of net dollars in their bank accounts. On top of that, very few ever are hauled into court: much less, convicted and serve any time. I wish I didn’t have a conscience……………..otherwise, I would attempt to be just like them.

[Ex-SD]

Actually, these so-called “idiots” are pretty damned smart. They continue to screw over the masses and walk away with millions of net dollars in their bank accounts. On top of that, very few ever are hauled into court: much less, convicted and serve any time. I wish I didn’t have a conscience……………..otherwise, I would attempt to be just like them.

[Ex-SD]

Actually, these so-called “idiots” are pretty damned smart. They continue to screw over the masses and walk away with millions of net dollars in their bank accounts. On top of that, very few ever are hauled into court: much less, convicted and serve any time. I wish I didn’t have a conscience……………..otherwise, I would attempt to be just like them.

[Ex-SD]

Actually, these so-called “idiots” are pretty damned smart. They continue to screw over the masses and walk away with millions of net dollars in their bank accounts. On top of that, very few ever are hauled into court: much less, convicted and serve any time. I wish I didn’t have a conscience……………..otherwise, I would attempt to be just like them.

[davelj]

Agreed. The people making millions at these companies are not idiots. They understand how the game is structured and take full – mostly legal – advantage of it. If someone presents you with a (legal) situation where it’s “heads I win huge, and tails I still win but just less” you take it. Period.

The idiots are the shareholders and debt holders that finance these crazy schemes when they should know good and damn well that the incentives are structured to wipe them out… eventually. But the investors are too greedy in the moment to pass up the illusion of short-term returns. The other group of idiots are the politicians, of course, who (de facto) vote in favor of these silly bailout schemes, thereby exascerbating the moral hazard.

[davelj]

Agreed. The people making millions at these companies are not idiots. They understand how the game is structured and take full – mostly legal – advantage of it. If someone presents you with a (legal) situation where it’s “heads I win huge, and tails I still win but just less” you take it. Period.

The idiots are the shareholders and debt holders that finance these crazy schemes when they should know good and damn well that the incentives are structured to wipe them out… eventually. But the investors are too greedy in the moment to pass up the illusion of short-term returns. The other group of idiots are the politicians, of course, who (de facto) vote in favor of these silly bailout schemes, thereby exascerbating the moral hazard.

[davelj]

Agreed. The people making millions at these companies are not idiots. They understand how the game is structured and take full – mostly legal – advantage of it. If someone presents you with a (legal) situation where it’s “heads I win huge, and tails I still win but just less” you take it. Period.

The idiots are the shareholders and debt holders that finance these crazy schemes when they should know good and damn well that the incentives are structured to wipe them out… eventually. But the investors are too greedy in the moment to pass up the illusion of short-term returns. The other group of idiots are the politicians, of course, who (de facto) vote in favor of these silly bailout schemes, thereby exascerbating the moral hazard.

[davelj]

Agreed. The people making millions at these companies are not idiots. They understand how the game is structured and take full – mostly legal – advantage of it. If someone presents you with a (legal) situation where it’s “heads I win huge, and tails I still win but just less” you take it. Period.

The idiots are the shareholders and debt holders that finance these crazy schemes when they should know good and damn well that the incentives are structured to wipe them out… eventually. But the investors are too greedy in the moment to pass up the illusion of short-term returns. The other group of idiots are the politicians, of course, who (de facto) vote in favor of these silly bailout schemes, thereby exascerbating the moral hazard.

[davelj]

Agreed. The people making millions at these companies are not idiots. They understand how the game is structured and take full – mostly legal – advantage of it. If someone presents you with a (legal) situation where it’s “heads I win huge, and tails I still win but just less” you take it. Period.

The idiots are the shareholders and debt holders that finance these crazy schemes when they should know good and damn well that the incentives are structured to wipe them out… eventually. But the investors are too greedy in the moment to pass up the illusion of short-term returns. The other group of idiots are the politicians, of course, who (de facto) vote in favor of these silly bailout schemes, thereby exascerbating the moral hazard.

[cr]

Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.

[cr]

Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.

[cr]

Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.

[cr]

Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.

[Author]

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