Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Tuesday, October 7, 2008

Is Lehman Bros. CEO a Jam Up victim? Or are people just angry at him

Time for serious discussion, folks.

Background:
Lehman Brothers CEO Richard S. Fuld has been grilled by Congress - and mad people with pink sheets of paper - the past couple days. He's allegedly accepted $480 million (he says under $250M) in bonus money as his financial firm spiraled toward bankruptcy (he was also lobbying for a government bailout as he collected his millions.)

Congress, and most Americans, have a huge problem with that seeing as taxpayers are now footing the bill. Fuld was taken to task by both Congress and a former employee who punched him in the face at the gym.

So here's the discussion:
Is Fuld being jammed up (under most circumstances, this photo would be at least Code 3)? Or is he just feeling the wrath of karma and greed?

Under optimum conditions, a Jam Up is delivered by somebody who is in a jovial mood - their day just got better because they jammed somebody up (refer to the Gold Standard). But, when the potential Jam Up is fueled by anger, I fail to recognize it as such.

There's a difference between a Jam Up and somebody getting their Come up'ins. This photo is not a Jam Up.

Discuss. (NOTE: The blog now allows anomymous bloggers. Feel free to contribute in that fashion.)



Monday, September 29, 2008

Wall Street Jamming everybody up

Wall Street is indeed jamming up the entire nation right now, and it's all due to Mortgage brokers and banks jamming up Wall Street during the huge real estate boom in the early 2000's.

This photo by the AP (A Code 4 - I'll explain later) is one of many jam ups that can be found online today because the Dow dropped 700 points after the House denied Pres. Bush's $700 billion bailout plan

Why a Code 4? It's simple. The dude to the left is pointing (with slight smirk) to something that is obviously jamming up Blue Tie. The guy to the right of the Blue Tie is smirking, obviously in on the Jam Up. Gray beard may or may not be in the know. It's hard to tell.

Blue Tie's face is an obvious initial reaction. He may get more pissed, and it's highly doubtful he'll be laughing this off later.