Slog - Comments on Justice is Served

Comment by frederick r

frederick r — Thu, 27 Mar 2008 16:22:04 -0800

Racist.

Comment by Mr. Poe

Mr. Poe — Thu, 27 Mar 2008 16:28:22 -0800

...BAAAAAAAAAAHAHAHAHAHHA!!!!

Comment by NapoleonXIV

NapoleonXIV — Thu, 27 Mar 2008 16:34:31 -0800

What do you have against bears?

Comment by MonkeyNose

MonkeyNose — Thu, 27 Mar 2008 16:39:35 -0800

Yeah, @3. Especially stern bears. I know I saw an ad around here somewhere for one...

Comment by John

John — Thu, 27 Mar 2008 16:47:48 -0800

How is this bad? He sold them for what they're worth... about $10 each. Had he sold them at $60/share two weeks ago for a $360 million, that would be news.

Comment by Bison

Bison — Thu, 27 Mar 2008 16:50:41 -0800

His shares were worth well over $700 million just a year or so ago. I'm worried about the poor guy trying to make ends meet on his sixty million.

Comment by NapoleonXIV

NapoleonXIV — Thu, 27 Mar 2008 16:52:35 -0800

He might just have to sell of one or two of his cubs to make ends meet.

Comment by Bison

Bison — Thu, 27 Mar 2008 16:54:20 -0800

"How is this bad?"

Umm, did you miss the part where this dude lost billions of dollars for his shareholders and helped to seriously injure our entire economy -- and walked away with sixty million?

Comment by Paul Constant

Paul Constant — Thu, 27 Mar 2008 17:08:03 -0800

Thank you, Bison, for pointing out the trouble with Bears.

I love the Internet.

Comment by Westside forever

Westside forever — Thu, 27 Mar 2008 17:17:23 -0800

It's sure a relief to know he'll pay much lower capital gains taxes on his sale thanks to the Bush tax cuts. I'd feel bad if he had to switch from the Hamptons to some shithole like Atlantic City!

Comment by Original Andrew

Original Andrew — Thu, 27 Mar 2008 17:18:58 -0800

Isn�t it amazing how, in America, people like Bear Stearns� CEO get the opposite of what they deserve?

In Russia, this dude would have been found floating face down in the Volga with six knives sticking out of his back, and the Russian cops would have called it a suicide.

Comment by NapoleonXIV

NapoleonXIV — Thu, 27 Mar 2008 17:24:53 -0800

In Soviet Union, system rapes YOU!

Comment by You_Gotta_Be_Kidding_Me

You_Gotta_Be_Kidding_Me — Thu, 27 Mar 2008 18:04:28 -0800

@8: So he sold shares that were worth $700M for $60M, that�s a loss (fine, penalty call it what you will) of $640M� I think he�s paid more for what �he did� to his shareholders and the economy than Bill Clinton ever will for having signed into law the bill that deregulated that sector of the financial markets and made what �he did� not only possible but legal in the first place.

Comment by ecce homo

ecce homo — Thu, 27 Mar 2008 18:29:57 -0800

Please delete comments 1-4.

Reason: Off Topic

Comment by Bellevue Ave

Bellevue Ave — Thu, 27 Mar 2008 20:03:23 -0800

Theres nothing to like about the entire Stearns situation.

Comment by Will in Seattle

Will in Seattle — Fri, 28 Mar 2008 08:49:05 -0800

@6 - don't worry, his year end bonus was more than you'll make in your lifetime - and most of that was in cash - check out the Edgar filings on SEC.

Comment by monkey

monkey — Fri, 28 Mar 2008 09:09:38 -0800

aaaaaaaaaaaaw, poor thing. I feel sorry for rich people when they only get $61,000,000.00 instead of $1,000,000,000.00.

Comment by infrequent

infrequent — Fri, 28 Mar 2008 10:58:41 -0800

@13. he didn't lose that money because he didn't earn that money. it's a bailout. what they did was not illegal, but should have resulted in bankruptcy around $2 a share, not $10 a share. the gov (us the taxpayers) are guaranteeing the value of the risky "assets" to a tune of $29 billion making a $10 share sale possible. it stinks. he wasn't punished enough for the bad choices he allowed.

Comment by infrequent

infrequent — Fri, 28 Mar 2008 13:32:09 -0800

not to mention that risks are by nature risky. but if there is no loss, then there is no risk.

and were this a fine, then that would be over $600 million put to the gov, $600 mill that disappeared with bad investments.