Why are we selling us out to foreigners? Bankadebacle?

Posted on September 12, 2008. Filed under: Business, Consumer, Economy, Oil Prices, Politics, Stock Market |

I just heard that Lehman may be bought out by BOFA in a joint bid with Sovereign Wealth Fund China.

What is up here? First Freddie and Fannie and than this?  Are we selling this country out?

Do we produce anything in this country anymore? Do we invent anything here? Do we own anything here or most of the investment are foreign’s? 

One thing is for sure: I don’t want taxpayers rescuing Lehman’s CEO who was sitting on half a billion worth stock options few weeks ago. Believe it or not, his worth was half a billion and after this tumble, he still has 20-30 million.  I want to see him broke for not doing his job, not have a vision and making his investors and employees  lose everything who had trusted him to do his job.

Yes, please don’t blame this mess on outside forces: Goldman has done it right and so have many many  others who saw through it better.  That’s what a CEO’s role is.

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