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November 29, 2009

The Market

-- by Dave Johnson

Can any libertarians out there please tell me how "the market" punished these executives for killing the companies and helping take the economy into collapse?

The top executives at Lehman Brothers Holdings Inc. and Bear Stearns Cos. cashed out almost $2.5 billion from their firms between 2000 and 2008, according to a report in Monday's Wall Street Journal.

They took home billions while taking those companies down. Is that how "the market" punishes bad behavior?

Posted by Dave Johnson at November 29, 2009 6:00 PM


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