The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Madharry who wrote (190875)	3/16/2009 2:17:31 PM
From: geode00	Read Replies (2) of 306849

The WS story is that the big failure came when Lehman was 'allowed' (allowed?) to fail. They blithely ignore the fact that the big failure came when they decided to gamble with OPMs betting that the US government would never, ever, ever let a big financial institution fail. The next argument will be that another banking bailout is required so that the previous bailouts aren't 'wasted'....at least that's what I'm predicting. Pandit received $10m as a signing bonus...was he on the short list elsewhere to be CEO? Was Pandit going to not be CEO if he received, say, no signing bonus? Does Pandit have $10m of economic rent? The appetite for corruption is bottomless....we should stop feeding it.

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