The Zionist Media Says Dick Is A
'Cracker-Jack' Leader
Sixty yr-old Richard Fuld has been the CEO of Lehman since 1993,who has a
squash court at home and plays the demanding sport whenever he has a spare
moment. He also makes a list of what he has to do every morning and tries
not to leave the office until every item is checked off. That helps
explain how Lehman Brothers has been able to morph from a struggling bond
house into one of the most agile and aggressive investment banks on Wall
Street.
Since then, Lehman's stock price has outpaced most of its rivals', soaring
more than 100%.
Dick Says He Rescued His
Employees On 9/11
Fuld 'claims' that he lead the evacuation of its headquarters near the
World Trade Center on September 11. Maybe he is holocaust survivor, whose
Momma was a French Partisan!! Who knows, he could have been a commando at
Entebbe, or dare I say - a friend of Judah Glick, the hero of Fl-93!!
Lehman Is At $.21 Cents
A Share
The stock has gone from $85.00
dollars to $.21 cents. It's a safe bet that 'insiders' had big short
positions in that stock.
What Happened
Lehman bought US sub-prime
mortgages from banks, re-packaged them, and sold them on to global
investors. They became an investment bank lending money to real estate.
They would lend Abe Marovitz $200 million, who then bought Jack Gold's
shopping center, and the shopping center would go bankrupt. Jack Gold got
$200 million and Lehman's investors got a bad IOU.
But Does It Make Sense?
The shopping center had to be
based off a solid rental income, so all it had to do was meet it's monthly
mortgage. So they could stay afloat on a 70% occupancy rate, and today's
economy isn't that bad. So the truth is Lehman would lend on bogus
non-existent numbers. The US unemployment rate is 5.7%, which isn't
even a mild recession. This Lehman collapse is a 1929 scenario.
So What Will Happen
Bush will bail out Lehman, and
the $200 million dollar shopping center will be sold for $25 million to
lucky zio-investor. And the fifty thousand small stock investors will get
5 cents on the dollar.
Here are Lehman's
liabilities |
|
Stock loss |
46,000,000,000
|
|
Accounts Payable |
80,346,000.000 |
|
Short/Current Long Term Debt |
359,415,000,000 |
|
Other Current Liabilities |
29,363,000,000 |
When all the shouting is over you
will see a half a trillion loss.
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