A Malefactor Of Great Wealth — Johnson Post
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.