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I am not going to go too far into this but, I was in meetings with Dick and senior executives from the other banks. The “lol sorry bro” attitude wasn’t just Dic

by numair 6y ago

I am not going to go too far into this but, I was in meetings with Dick and senior executives from the other banks. The “lol sorry bro” attitude wasn’t just Dick’s way of telling the story.

hogFeast 6y ago
...I am not sure that I disputed that. What I said was: the reason why LEH didn't get bailed out was because the stock was worthless, and mgmt mismanaged that from day one (even towards the end, LEH was trying to sell its real estate at book...this isn't hard). And then Fuld went around telling everyone he should have got bailed out (btw, if you went into a meeting with other banks and started telling them they should give you money for nothing...do you think that wouuld have went down well?).