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The 10 VILLIANS Responsible For DESTROYING the American Economy!

  • Written by White RabbitWhite Rabbit 2 Comments2 Comments Comments
    Last Updated: September 29, 2008

    It took 19 hijackers to fuck up America for a good long time.

    It only took 10 of these cunts to destroy the American economy. Probably permanently.

    Angelo Mozilo -- Countrywide Financial Corp. Richard Fuld — Lehman Brothers Holdings, Inc.

    Fuld, CEO of Lehman Brothers, has the distinction of being the executive behind the largest bankruptcy filing — estimated at $613 billion — in U.S. history.

    Kerry Killinger -- Washington Mutual Inc. Angelo Mozilo — Countrywide Financial Corp.

    Mozilo’s tenure at Countrywide was marked by his “Friends of Angelo” VIP program that gave below-market rates to the CEO’s best friends and several members of Congress.

    James Cayne -- Bear Stearns Kerry Killinger — Washington Mutual Inc.

    Killinger led Washington Mutual through sensational growth and into a slew of risky product offerings. The bank finally collapsed and sold its assets to J.P. Morgan Chase.

    Daniel Mudd -- Fannie Mae James Cayne — Bear Stearns

    After 16 years as CEO at Bear Stearns, Cayne handed the reins to Alan D. Schwartz — then watched the firm collapse.

    Richard Syron -- Freddie Mac Daniel Mudd — Fannie Mae

    Mudd was ousted from his post as Fannie Mae’s CEO in September when the government placed the company into a conservatorship. He will not receive a severance package.

    Martin J. Sullivan Richard Syron — Freddie Mac

    Syron was relieved of his duties as Freddie Mac CEO as part of the government’s takeover of the troubled company in September.

    Stanley O'Neal Martin J. Sullivan — American International Group, Inc. (AIG)

    Sullivan held the CEO post at AIG from 2005 through early 2008. The insurance company was propped up by an $85 billion loan from the U.S. government earlier this month.

    Charles Prince Stanley O’Neal — Merrill Lynch & Co.

    O’Neal retired from his post as Merrill Lynch CEO in October 2007 after huge subprime-related losses and writedowns. His successor, John Thain, orchestrated the firm’s sale to Bank of America on the same day Lehman Brothers went under.

    Ken Thompson Charles Prince — Citigroup, Inc.

    Prince stepped down from the CEO position at Citigroup in late 2007 after the company suffered billions in subprime writedowns.

    Wachovia's board forced then-CEO Ken Thompson Ken Thompson — Wachovia Corp.

    Wachovia’s board forced then-CEO Ken Thompson from his post in June as the bank struggled through subprime-related losses.

    And all 10 will skate away scott free.

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  1. #1 Harry Gluckman
    November 20, 2008 pm30 11:45 pm

    In many other countries these rich punks would now be facing a firing squad, a terrific idea!
    Quite unfortunately they aren’t the first, and probably won’t be the last to screw their companies and their country and people!

    Post ReplyPost Reply
  2. #2 Chris Shouse
    December 4, 2008 pm30 11:54 am

    Do any of those 10 men belong to The Council On Foreign Relations?

    Chris Shouses last blog post..Las Vegas Real Estate Update Nov.22-Nov.28 2008

    Post ReplyPost Reply
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