U.S. News and World Report has a smoking gun e mail confirming America’s concerns that the Wall Street Rescue Plan is in fact a bail out of the fat cats at Wall Street. Bush cousin GEORGE H WALKER a big shot at Lehman actually requested Bonus cuts as the firm was imploding. Was this good faith, or political posturing. He is another Goldman Alumni, ( all Goldman employees seem to have immunity idols in this market meltdown”. And as he left Lehman he immediately formed a group to keep the gold crown jewel assets of the firm. Coincidence, or as I believe a calculated rescue and recovery of a Bush family member with a self serving e mail obviously leaked to the Congress which gives him plausible dependability for his role at the firm, makes Lehman CEO FULD look like the only greedy fool.
Some findings on Walker from the Lehman Senior Executive Profiles.
1. Former Goldman ” alternative Investment guru” http://www.thestreet.com/markets/hedgefunds/10286680.html
2. He is in charge of reincarnated assets from the defunct Lehman. http://www.topix.com/forum/personal-finance/TQKCQLE4BNUONMD48
3. He is still playing ruler of the world in the distressed markets. http://www.pionline.com/apps/pbcs.dll/article?AID=/20081002/REG/810029986/1008
4. New York Times states he is head of new investment group. http://www.nytimes.com/2008/09/30/business/30lehman.html
Below is his profile from the Lehman Website.
George H. Walker
Global Head of Investment Management
George H. Walker is global head of the Investment Management Division at Lehman Brothers Holdings Inc. In this role, Mr. Walker oversees Asset Management, including Neuberger Berman, Private Investment Management and Private Equity businesses. He is a member of the Firm’s Executive Committee.
Previously, Mr. Walker was head of Alternative Investment Strategies for Goldman Sachs Asset Management and a partner of the firm. He served on the firm’s Partnership Committee.
Mr. Walker serves as a member of the Board of Directors of Local Initiatives Support Cooperation, a vice chair of the Board of Trustees of The New School and a member of the Board of Overseers of the University of Pennsylvania’s School of Arts & Science.
Mr. Walker earned his B.A./B.S. from the University of Pennsylvania and an M.B.A. from the Wharton School.”
These “A” holes are greedy selfish un American bastards. I can’t stand what they have done. But this is America 2008 we no longer protest Wars, so why should we get up set at mere robbery of the taxpayers. Are you shocked an insder with family relatives at the highest levels of government and connections to Goldman Sachs walks away to start another pyramid scam.