Jan. 5: A new report reveals that nearly all of the top executives from the bailed-out banks were able to keep their jobs in 2009. Author Barry Ritholtz explains how these same managers, who were blame for bringing the economy to its knees, were able to stay employed.

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Too big to fire?

Category: Bailouts, Corporate Management, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Too Big To Fire”

  1. Moss says:

    Keep spreading the truth BR.

  2. hardaway says:

    Barry, I am now reading Too Big to Fail and I remember when you were talking about all the subjects of that book two or three years ago. It stuns me that these guys have not suffered (except for maybe Fuld, who appears in the book to be totally clueless). I also know now that my mortgage is just another toxic Lehmann asset.
    http://www.huffingtonpost.com/francine-hardaway/happy-new-year—-but-not_b_409809.html
    You had it right from the beginning.

    BTW, saw Richard L yesterday and am working with him again. Excited.

  3. OscarWildeDog says:

    Brings to mind the cocaine scandals of the 1980′s – remember Steve Howe of the Dodgers? He was caught, rehabbed and reinstated SEVEN times for this. My point is that somehow, if there is an inkling that monies are owed based on contractual terms, then it is easier to look the other way. Blankfein’s Boys committed the egregious acts at GS, or let them happen (omissions or commissions); firing any one would make the next guy up culpable, no? Or at least open the files for everyone to see.

    In my line of work (manufacturing), if you screw up, you could cost someone his or her life or a grievous injury. At the very least, you could lose an inordinate amount of money that cannot be made up – unlike monies made at the big banks.