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A Lehman Lesson

Submitted by irishjazz, Sep 15, 2008 12:22

The particular innovation of this very rich individual was to identify ways of upgrading the value of investments through creative packaging. If we had taxed and regulated him appropriately, perhaps the motivation and ability to build this house of cards would have been tempered. In any case, he would have had less to lose.

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Comment	By	Date
Risk? What risk did Fuld and Cayne take? Bad asset allocation risk? Let's not confuse the risk that capitalism needs... [MORE]	plmayo	Sep 26, 2008 19:18
The particular innovation of this very rich individual was to identify ways of upgrading the value of investments through creative...	irishjazz	Sep 15, 2008 12:22
Reality isn't always pretty, is it. Perhaps someone should erect a huge billboard on Wall Street which reads, insatiable greed... [MORE]	Porterhouse	Sep 15, 2008 09:35
Not quite accurate. With $40 million, Dick Fuld may have to give up some toys and downsize his lifestyle, but... [MORE]	david Brusowankin	Sep 15, 2008 08:45

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