The soul has greater need of the ideal than the real for it is by the real that we exist, it is by the ideal that we live

Monday, October 6, 2008

and they all fall down

"Waxman said that in January, Fuld and his board were warned the company's "liquidity can disappear quite fast."

Despite that warning, he said, 'Mr. Fuld depleted Lehman's capital reserves by over $10 billion through year-end bonuses, stock buybacks, and dividend payments.'"

IMHO I say the federal governemnt go get that 10 Billion dollars and use it toward paying back the 700 billion we're shelling out.

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