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Lehman - It's not all bad news you know....

WTF?_2 Posts: 4,592 Forumite

16 September 2008 at 9:58PM in Debate House Prices & the Economy

From the Daily Mash:

http://www.thedailymash.co.uk/news/business/lehman-execs-to-lead-slightly-less-opulent-lifestyles-200809161257/

Lehman chief executive !!!!!! Fuld said: "Be in no doubt, the long term effects of this collapse are going to be awful. For you.

"You're going to lose your job, your dignity and possibly your home. I don't need a job - per se - but I will miss accumulating more money than I and all my descendants could ever reasonably spend.

"I don't know what I'd do if I hadn't spent my career paying myself millions of dollars and accruing a vast personal fortune while taking pointless risks with people's hard earned savings.

"But I hope my unimaginable wealth and wide ranging property portfolio will make your extreme hardship that bit easier to bear.

Now there's how to look on the bright side of adversity

--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.

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Debate House Prices

Lehman - It's not all bad news you know....

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