Who here was not moved by the flowing crocodile tears in North Korea for the death Kim Jong II? How upset were you when hearing of the S.E.C. charges against Fannie’s Richard Mudd and Freddie’s Richard Syron, otherwise known as the Dukes of Hazzard? As I thought, not a dry eye in the room.
While Mudd and Syron are ruthlessly fed to the lions to appease the angry mob, we can rest easy knowing they each drained tens of millions of dollars out of their employers. Syron paid himself $19 million in 2007 as Freddie foundered.
Yet, it is doubtful that these Dukes are convicted of any securities related crimes. Rather, their crimes are against humanity for being “stupidly good,” for acting like sophisticated CEOs and consummate Wall Street titans while not having a clue as to the dangers confronting their industry.
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