Lehman And Meritocracy (Why they pay outrageously well in Wall Street)

Forbes ^ | 9/15/2009 | Andy Kessler

[TopQuark]

" will look for more about the CDOs or MSBs."

Many thanks, Parsy, but there is no need: I am sufficeintly famiar with these instruments. Best, TQ>

[parsifal]

I tried to do a post on this but FR will not accept portfolio articles. This is from the guy who wrote Liar’s Poker. Absolutely fascinating article about the whole durn debacle.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom/index.html

parsy, who says you can’t read this and not change your mind.

[TopQuark]

Thank you, Parsy, I’ll read it tonight.

[parsifal]

I just did a new post which has more detailed information on how it all went down. This stuff would make a great movie.

parsy, who expects to be busy

[Toddsterpatriot]

Good article, thanks.

[parsifal]

Thank you for being patient with me as I try to understand this stuff. You may enjoy this. It is by the guy who wrote FIASCO.

http://www.npr.org/templates/story/story.php?storyId=102325715

parsy, who has been reading his *ss off