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HUFFPOST SUPER USER
plages
Take a plunge
07:33 PM on 04/29/2009
Check his pockets, and the trunk of his car, as there just might be bags, and bags of cash!!
07:33 PM on 04/29/2009
These shareholders must like pain if they kept him as CEO.
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HUFFPOST SUPER USER
humuhumunukunukuapuaa
07:32 PM on 04/29/2009
Maybe he can get hired to run "Kramerica"
northstar11
-i dont buy the big lie
07:32 PM on 04/29/2009
the dollar a year front man with the three million dollar portfolio.

fool some of the people some of the time, but not all of the people all of the time.
07:29 PM on 04/29/2009
Why is he still CEO? Why isn't he on a street corner with a cup of pencils?
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HUFFPOST SUPER USER
williamg
Obamacare = law of the land. Forever.
07:31 PM on 04/29/2009
Why should he be fired?
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HUFFPOST SUPER USER
jsgaetano
"Conservative" is not a political party, genius.
07:29 PM on 04/29/2009
And another tear falls slowly down the face of every "Fiscal Conservative".
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Palmz
You can't just make stuff up....
07:28 PM on 04/29/2009
Lewis Testifies U.S. Urged Silence on Deal

http://online.wsj.com/article/SB124045610029046349.html

Fall guy? I think so...............caught between the rock and country first!!
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HUFFPOST SUPER USER
williamg
Obamacare = law of the land. Forever.
07:30 PM on 04/29/2009
Fall guy is right! He did Paulson (and us all) a favor by acquiring Merrill. Now, taxpayers are angry with him that we had to bail them out.

It's a cruel, cruel world.
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Palmz
You can't just make stuff up....
07:35 PM on 04/29/2009
Agree..............probably why he was not totally booted by shareholders whose only interest is their bottomline called "dividends"

Cruel world indeed!
07:37 PM on 04/29/2009
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EAT THE RICH: their taxes are tasty.
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Sandmanj
Tread gently. Mother nature is pregnant.
07:27 PM on 04/29/2009
Like Dick Cheney, Ken Lewis appears to have a permanent sneer etched in his face.

Creepy.

Good riddance.
07:42 PM on 04/29/2009
Your deep understanding of the situation is impressive.
09:24 PM on 04/29/2009
You are starting to learn, WLA. Keep it up. You might learn enough to sell tout sheets at Gulfstream Pk.
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HUFFPOST COMMUNITY MODERATOR
SCG
07:27 PM on 04/29/2009
Excerpt:

" Any intelligence Mr. Geithner gathered in his meetings does not appear to have prepared him for the severity of the problems at Citigroup and beyond.

In a May 15, 2007, speech to the Federal Reserve Bank of Atlanta, Mr. Geithner praised the strength of the nation’s top financial institutions, saying that innovations like derivatives had “improved the capacity to measure and manage risk” and declaring that “the larger global financial institutions are generally stronger in terms of capital relative to risk.”

Two days later, interviews and records show, he lobbied behind the scenes for a plan that a government study said could lead banks to reduce the amount of capital they kept on hand...."

Link: http://www.nytimes.com/2009/04/27/business/27geithner.html?pagewanted=4&_r=3&hp
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HUFFPOST COMMUNITY MODERATOR
slaxx
07:34 PM on 04/29/2009
yeah, the problem with AIG is that it insured against losses, but didn;t do anything to insure itself in the event that it had to pay out on those losses, banking on the assumption that the market would never go down.

it makes no sense whatsoever.
07:39 PM on 04/29/2009
Of course they did! They sold the risk as did everyone else, as derivatives.
$700TRILLION worth out there
World GDP: less than $70TRIILION

Pray: if this fails, all h.ell breaks out
07:27 PM on 04/29/2009
Arrrrgggghhhh, still the CEO and a member of the board along with his puppet board members. See how hard it is to get rid of the corruption at the top of these corporations! The shareholders ousted him as chairman of the board with a 00.68% margin of victory! This is why Congress needs to step in with tougher regulations and change the rules on these corporations!
07:43 PM on 04/29/2009
I'm all for regulation, but I fail to see where exactly Lewis broke any laws. I guess I could be wrong, but I would like to know.
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HUFFPOST SUPER USER
R2D2-51
Flower Power Forever
07:24 PM on 04/29/2009
Lewis belongs back in the mailroom.
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07:26 PM on 04/29/2009
Move him down to "storage room B"!
07:45 PM on 04/29/2009
And take his stapler.
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07:23 PM on 04/29/2009
So what?
07:23 PM on 04/29/2009
good ... two down and a lot more to go .. GET NARDELLI , now thats a really bad guy!
HUFFPOST COMMUNITY MODERATOR
thegreatgiginthesky
07:22 PM on 04/29/2009
Good bye
07:23 PM on 04/29/2009
Who's leaving?
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BluestateGuyInTX
A Connecticut yankee in Emperor Bush's Town.
07:21 PM on 04/29/2009
Not good enough. Finish the job. He's still CEO.