-Caveat Lector-
> In 1999, Sandy Weill's salary and bonus alone amounted to nearly $10 million
> (�7 million). He also reaped $75 million (�52 million) from exercising stock
> options. A Citigroup spokeswoman was not available for comment last night.
>
> Other bankers have also fallen victim to the curse of cocaine. Lawrence
> Kudlow, a former official in President Reagan's administration, is a
> recovered cocaine addict, but this did not stop him being made chief US
> economist at ING Barings earlier this year. In 1994 Mr Kudlow said he was
> addicted to cocaine and alcohol. Last year, Marion Barry, the former mayor of
> Washington who was filmed smoking crack cocaine, was employed as a consultant
> by M.R. Beal, an investment bank. He served six months in prison after being
> convicted for cocaine possession.
Sure, it's no problem for admitted cocaine addicts to become officers of influential
investment firms, even if
they are convicted felons (just see if anyone convicted of any other type of felony
would be allowed to take
such a position in such a firm)...because just where do you think those multimillions
of dollars to pay those
salaries and stock options COME from?
The banking system has been under the thumb of the drug cartels since the
1970s...easiest way to launder the
money, with the complicity of the bankers who themselves are addicted to the stuff,
and who believe the
non-drug money entrusted to their care is their own private toybox, to play with as
they please, investors and
depositors be damned...
"Fiduciary trust", indeed... :-7
June
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