The Day Lehman Died

By Damien Hoffman

Schemin Brothers CEO Dick FuldAny day now the media will be abuzz with more “Lehman Death Anniversary” stories than trashy fear-mongering on Nancy Grace. I hope we fly flags at half mast — not out of respect for a great American icon, rather as a reminder how capitalism was literally water boarded to near-death by a bunch of cronies who hijacked the economy within which we all live real lives.

For that, I say fly the flag half mast. Let the younger folks ask why. Let it stand as a reminder that we’ve been fooled once on a colossal level and WE WILL NOT FORGET.

There were a lot of honest, hard working people at Lehman. If our system was truly capitalism under the rule of law, those people would have been rewarded while the thieves fell to the wayside. Unfortunately, whatever is our system, it led to the exact opposite result.

If you are interested in real-time market analysis, click here to follow Wall St. Cheat Sheet on Twitter.

Check out some more thoughts on interesting topics:

Has the Federal Reserve Failed?

Are Markets Being Manipulated?

Is Nouriel Roubini a False Prophet?

Financial Media Coup d’Etat

Demystifying High Frequency Trading

{ Read More Wall St. Cheat Sheet }



3 Responses to “The Day Lehman Died”

Trackbacks/Pingbacks

  1. [...] even your job, you now have to work that many more hours of your life to make yourself whole for the crimes of megalomaniacs. If that doesn’t motivate you to take 5 short minutes to write your local representative to [...]

  2. [...] even your job, you now have to work that many more hours of your life to make yourself whole for the crimes of megalomaniacs. If that doesn’t motivate you to take 5 short minutes to write your local representative to [...]

  3. [...] even your job, you now have to work that many more hours of your life to make yourself whole for the crimes of megalomaniacs. If that doesn’t motivate you to take 5 short minutes to write your local representative to [...]


Be Heard: Leave Your Comments on this Topic:

NOTE: We have an aggressive spam filter that will automatically delete any comment containing profanity or URLs. We will never see these comments. We apologize for any inconvenience.

This post was written by:

Damien Hoffman - who has written 396 posts on Wall St. Cheat Sheet.


Contact the author