Monday, October 06, 2008

Waxman, my new hero

This just in . . . Lehman executives made off with about $10 billion in bonuses as they cried wolf to the feds about how they were going down the tubes. I repeat, as Lehman Brothers asked the Fed to step in and help, they at the same time gave their top executives about $10 billion in golden parachutes, bonuses and other kinds of compensation.

Livid is such a bland word to describe what i feel. Criminal is not adequate to describe the debased morality of those executives.

Now, i'm livid that relationally the kids on my block who get 3-5 years for assault and battery (well, it happens) get way less time than white-collar criminals who get nothing but a slap on the wrist for mis-managing BILLIONS of dollars of other people's money.

Why isn't this a crime again? Why won't they be thrown in Jail? I'm thinking RICO act or something, collusion, market manipulation etc. And when they do go to jail, they should go to county jails with hardened violent criminals, not the 'country club' federal jails that we hear so little about.

I want the head of lehman to be next to a guy named bubba who has tatoos, not a Martha Stewart jail.
Bookmark and Share