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Author Topic: Lehman Bros., Global Warming Bailout, and Global Warming Fraud...  (Read 1118 times)
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WhiskeyGirl
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« on: November 21, 2009, 09:13:40 AM »

Why wasn't Lehman to big to fail?

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In Australia Lehman Brothers is notorious for marketing investment schemes to local councils which have resulted in those councils losing millions of ratepayers' dollars. (Whether local councils should be ‘investing' the rates they collect in such schemes is another matter.)
In America Lehman Brothers was well-known for a few other things. Former Chief Executive Richard Fuld was a major donor to the Democratic Party. And his firm was a major spruiker of global warming alarmism. For Lehman Brothers, global warming was a means of making money. The firm promoted trading in ‘carbon credits' via an emissions trading scheme. In the wake of his firm's bankruptcy Fuld was summoned to the Congress and asked to explain how it was that he appeared to have collected paychecks of US $480 million over the last decade. What Fuld could have been asked, but wasn't, was how much extra he would have made if the United States Government had followed Lehman Brothers's urgings and established an emissions trading scheme.

http://www.ipa.org.au/publications/1438/did-global-warming-send-lehman-brothers-broke

With Obama in the White House, who profits today from cap & trade and global warming?  Was this just a changing of the profit mongers?  Less competition for the profit on Well Street?  Anyone care about the suffering on Main Street?

If Lehman had survived would their have been a public cat fight over climate change profits and BILLION dollar bonuses?

Would Al Gore have made less profit if Lehman had survived?
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