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Old 11th December 2008, 21:58   #31
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on a related note, the bailout doesn't seem to be working as expected. and the indian american treasury has been criticized over the way it's being handled.

I heard it last night and he was giving vague answers when asked if 3 million bonus to ALG executives was understandable.

EDIT: Treasury Criticized on Hill Over TARP - WSJ.com

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Old 12th December 2008, 05:52   #32
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Quote:
Originally Posted by nemo View Post
If you thought this was begging, just read the letter from Lehman Brothers CEO to Warren Buffet - Corporate begging at its best
I dont think this is real... the PDF says the letter has been submitted by McQueen.
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Old 12th December 2008, 10:24   #33
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Hmmm...that's possible but this letter can definitely be used as a template by failing banks :-)
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Old 12th December 2008, 22:19   #34
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Quote:
Originally Posted by Mayavi View Post
I dont think this is real... the PDF says the letter has been submitted by McQueen.
So whats weird about it? Big corporates usually issue letters through their PA's/Secretaries. It is usually not expected that a CEO of giant like Lehmann to drop a hard copy letter to Buffet personally.

Whatever, like Nemo said, it's least a fabulous template for BFSI industry
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