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Wednesday, December 10, 2008

12/10/08 Money for nothing, and the crooks go free




fairfieldweekly.com


By Alan Bisbort


To give is to receive, they say, and I don't doubt it. For example, every time I give money to an organization, I receive a note thanking me for my donation and asking me to give more money, in the convenient pre-stamped envelope. Is there an echo in here? Or is this desperation?


Everywhere you look, people are in need. Among the neediest are the ones who have been "giving" the most to people who say they're needy but are not, if that makes any sense — if anything makes sense about America's economic priorities at present. As New York magazine reports, Dick Fuld, CEO of Lehman Brothers, "earned" $480 million in bonuses in recent years and lives in a 20-room Greenwich (Conn.) mansion, one of his five houses. This even as Lehman went belly up, the largest bankruptcy in history. As our own billions are shoveled to Wall Street sharks like Fuld — who don't even thank us for our donations — we are asked to give still more. That's the crap shoot on which this fragile economy has been based since the 1990s. When the inevitable collapse occurred, despite ample warnings, it was as if no one was responsible, that it was all a big unforeseeable mystery. And THAT is the greatest con of all.........


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