Working Life

   A month ago, I called for the indictment of Lehman Brothers executives–as well as an investigation of the role played by then-NY Federal Reserve head Tim Geithner–for the "materially misleading" actions (that is accounting-speak for scams) that those execs undertook to cover up their financial misdeeds that sent Lehman over the edge–and helped drag […]

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I have been dismayed at the willingness to let the Wall Street executives off the hook–allowing them to walk free, continue to collect bonuses and salaries and even give them jobs in government after they conducted what was perhaps the biggest fraud in financial history. We cannot let them escape justice. And, based on the […]

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   I am not shocked in the least by this story: Bear Stearns and Lehman Brothers paid their executives largely in stock, and that stock lost most or all of its value when those companies collapsed. Many people on Wall Street say these examples help make the case that pay incentives were not what caused […]

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   Yours truly is hitting the road early and so will be out of reach for the morning of all the websites and news…good thing…because when the market opens at 9, all hell is going to break loose. I’m not sure how many people on Main Street understand the deep panic underway among the financial […]

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   In the big picture, all these things are connected. But, they all have their own distinct story lines.    Let’s start with greed, which comes in two flavors. There is the greed by the owners of the kosher meatpacking plant that would make my Jewish, non-religious grandparents cringe: The Iowa attorney general on Tuesday […]

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