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Reader comment on:
The Lehman Blame Game Gets Rolling

Submitted by Porterhouse, Sep 16, 2008 10:52

When all the so-called "intellectuals and experts" get done with their guessing as to why this mess occurred, there will remain one simple, factual, and indisputable answer. INSATIABLE GREED!


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AL: Interest income no longer covers interest expense. Happens when rates rise, the payors default on mortgages and pay less,... [MORE]

Joachim Schnabel 

Sep 16, 2008 19:05

To anybody who is familiar with how "the game" is played on Wall Street, John Thain's agility in the midst... [MORE]

Brendan 

Sep 16, 2008 18:45

I don't get it. Firms go bankrupt because their cash flow runs out, not because their share price goes down... [MORE]

AL 

Sep 16, 2008 15:17

When all the so-called "intellectuals and experts" get done with their guessing as to why this mess occurred, there will...

Porterhouse 

Sep 16, 2008 10:52

I have a handout (now a classic), dated February 2005, by Rick Rieder, then one of Lehman's chief strategists. He... [MORE]

Joachim Schnabel 

Sep 16, 2008 07:52

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