During his tenure as CEO [of Lehman], Fuld made $490 million (before taxes) cashing in stock options and stock he received as compensation. A lot of employees, whose wealth was tied to the company's stock, were financially eviscerated when Lehman bombed. But Fuld is unlikely to show up applying for food stamps.
...As Treasury Secretary (and former Goldman Sachs chief executive) Paulson recently said, "Raw capitalism is dead."
Words of wisdom, on China shock 2.0
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Michael Pettis frequently claims that, by running large surpluses, China is
forcing “the demand-suppressing cost of their policies onto their trading
par...
4 hours ago
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