[vivekiny2k]

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

[Mayavi]

Originally Posted by nemo

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.

[nemo]

Hmmm...that's possible but this letter can definitely be used as a template by failing banks :-)

[mobike008]

Originally Posted by Mayavi

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