|
Bailey McCann, Opalesque New York: "Wow, I haven't done this for awhile," Dick Fuld said when he took the stage for the lunchtime keynote at the Marcum MicroCap conference in New York. "I don't include my wonderful time with Congress."
The lunchtime keynote on day two, was in many ways the headlining act for a conference focused on micro-cap stocks, that has grown steadily in the few years since its inception. Small companies come here looking for investors, redemption, or at least the chance to uplist, and apparently, so do the speakers.
Fuld made his first public appearance since 2008 with this keynote, after spending the intervening years founding a new boutique merchant bank - Matrix Advisors, and doing a brief stint as a teacher at Harlem Children's Zone. 7 years on, he's unrepentant about what happened in '08, and took to the stage to offer the sometimes incredulous audience, a wide ranging speech about everything from business to love to Lehman.
"Regardless of what you heard about Lehman’s risk management, we had 27,000 risk managers because they all had a piece of the firm," he said. From there, Fuld went on to offer a laundry list of macroeconomic and industry factors that he said created a "perfect storm" for the economy, and Lehman.
He also offered a range of thoughts on the current economic and political system, citing deflationary concerns and wealth inequality. "I know you don’t want to hear this from me, but the wealth...................... To view our full article Click here
|
RSS
