My my, lookee, another smarter-than-thou investment banker goes belly up. Seriously: Lehman deserves to rot in the grave it dug for itself. Too many of its senior partners thought they -- fat old white men -- knew better than everybody else.
And, some just were con-artists, stealing from their clients. Con-man Richard S. Fuld especially deserves to lose his shirt. He lied to clients, to partners, to the media. And, he continues to lie about the financial solvency of Lehman. Who does he think he is? Oedipus?
He should blind himself for being so incredibly cocky about pretending that he couldn't see what was happening. Sadly, too many investors bought into his confidence game, and now Lehman Bros. goes bankrupt. Will the USA taxpayer have to bail him out? Buy his yacht and 17th and 18th homes somewhere in the wilds of Colorado? Maybe he'll join the McCain-Palin election campaign as a financial advisor. Yippee-yay!