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Reply #15: Real money, real crimes [View All]

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Loge23 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 08:17 AM
Response to Reply #3
15. Real money, real crimes
Remember all of those hefty parachute deals with failed CEO's??
Pfizer & Home Depot's ex-Ceo's (Henry McKinnell & Robert Nardelli) received approx $200 Million each to go away!! (link below)
Think of that when you shell out for pharms or hardware!
There were hundreds more like them. Now ex-McCain pitbull Carly Fiorina received an estimated $45M to leave HP. (abcnews link below)
The Lehman thief and the axed heads of Freddie and Fannie aren't begging in the streets today either. Rather, they are in the process of safeguarding whatever they have left, which I'm certain is a whole lot more than you or I will ever see without a Lotto win. And didn't that Enron creep supposedly drop dead (conveniently) in his mountain retreat in Aspen?
Crime pays when the Repukes rule - as long as you're one of them.

And I remember all the stories in the WSJ during the bubble about the punks on WS taking in tens of millions in year-end bonuses and holding lavish parties at the most expensive joints in London, NY, and Paris.

The rest of the money was never there. It was in inflated valuations for real estate that was accepted by the banks as real collateral. That chunk of "money" has vaporized.

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