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Instead, we get the usual platitudes from the

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Correction to VC Daily on Sept. 23
Unite USA Inc., which does business as Unite Us, is a builder of coordinated care networks of health and social service providers. "VC Daily: Biotechs Seek New Skill Set From Scientists Entering Field," published Sept. 23 at 10:02 a.m. ET, incorrectly referred to the company as Unite US Inc. The error also appeared in: "VC Daily: Clean-Tech Performance Up and to the Right," on Aug. 17 at 9:36 a.m.; "VC Daily: Biotech Startups Take Aim at Fibrotic Disease Treatments," on March 18 at 9:23 a.m.; "VC Daily: Pro VC Health Pulse: Biotech Startups Offer Testing in Bid to Resume Operations; Smart-Pill Maker Proteus Files for Bankruptcy," on June 17, 2020, at 8:38 a.m.; and "Digital-Health Investor Define Ventures Raises $87 Million First Fund," on Jan. 13, 2020, at 6:30 a.m.
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QaB2i Member Level  Tuesday, 10/07/08 09:08:15 PM
Re: Soapy Bubbles post# 5
Post # of 10 
Instead, we get the usual platitudes from the likes of Joe Nocera at The New York Times. He writes:

“Mr. Fuld, in typical C.E.O. fashion, claimed to take ‘full responsibility’ for his actions — but spent the entire time blaming others for Lehman’s downfall. Early in his testimony, he even blamed [emphasis mine] ‘naked short-sellers’ who passed along “false rumors” that started a run on his bank.”

By Nocera’s standards of anti-investigative journalism, a serious issue is settled not with data or evidence, but with one word – “Even.” Could naked short selling have triggered the bank run that has Chernobyled our financial system? Can’t be, writes Nocera, because Lehman’s CEO “Even”, said it can be.

Nocera continues: “As both The New York Times and The Wall Street Journal pointed out in lengthy stories on Monday, Mr. Fuld had assets on his books that were wildly overvalued.”

So, apparently, Lehman could not have been a victim.

A woman who once shoplifted is raped in an alley. Was she raped? No, because she was a shoplifter and she “even blamed” the rapist.



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