What gambling? If shit hits the fan all they need to do is scare the average person by telling them we need to bail them out or else this will take down the economy. After that they can just push that loss off on the tax payer because they have enough politicians in their pockets. Problem Solved! We all know that is how these thing go down! They always say it will never happen again and surprise...
New York magazine says that in late 2006, as the first cracks in the real estate market began appearing, Gelband met with Fuld and told him: âThe world is changing. We have to rethink our business model.â Fuld brushed Gelband off, New York says, telling him: âYouâre too conservative.â Andrew Gowers, the former communications director for Lehman in the UK, told The Observer of London that Lehman execs pushed aside risk managers in a headlong effort to catch up to rival Goldman Sachs. âIt was quite hard to stand in the way,â Gowers said. Lehman had good risk managers, âbut the prevailing atmosphere was for fast growth and special fast-track treatment for what we now know were toxic deals.â http://www.publicintegrity.org/2010/09/16/2513/end-lehman-part-2