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Spokane, Washington  Est. May 19, 1883

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A Malefactor Of Great Wealth — Johnson Post

In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee on the collapse of Lehman Brothers. (AP Photo/Susan Walsh, file) (AP file photo)
In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee on the collapse of Lehman Brothers. (AP Photo/Susan Walsh, file) (AP file photo)

In his Johnson Post today, Marc Johnson comments about Richard Fuld, the former Lehman CEO, who is trying to peddle his Sun Valley “estate.” In a note to Huckleberries Online, Marc says: That property figured prominently in the Lehman Brothers 'strategy' leading to the great 2008 meltdown and bankruptcy: "Lehman’s subprime mortgage play and the firm’s strategy to pass along to investors all that toxic debt were no doubt hatched during the company’s annual summer retreat at Fuld’s opulent, eleven bedroom estate in Sun Valley, Idaho. The compound complete with a pool and gatehouse occupies more than 70 acres and thousands of feet of river frontage." Much more here.



D.F. Oliveria
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.

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