Why your biggest lie is to yourself
source: http://www.timesonline.co.uk/tol/life_and_style/health/mental_health/article7135258.ece
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On the evening of February 11, 1963, when she was 30, the poet Sylvia Plath put biscuits and glasses of milk near her sleeping children, sealed the rooms between them and the kitchen, turned on the gas but didn’t light the oven and, lying down, put her head inside. The coroner’s verdict was suicide.
On April 20 of this year, Richard Fuld, CEO of Lehman Brothers, told the US House Committee on Financial Services that while he took responsibility for the way he, like many others in Wall Street, had misjudged the seriousness of the economic crisis, he knew nothing about the kind of transactions called Repo 105.
He said: “I have absolutely no recollection whatsoever of hearing anything about Repo 105 transactions while I was CEO of Lehman. Nor do I have any recollection of seeing documents that related to Repo 105 transactions. The first time I recall ever hearing the term ‘Repo 105’ was a year after the bankruptcy filing, in connection with questions raised by the examiner.”
Repo 105 is a way that companies can raise short-terms loans using their assets as collateral. Fuld needed such loans to finance his purchase of huge assets.
http://www.timesonline.co.uk/tol/life_and_style/health/mental_health/article7135...
On April 20 of this year, Richard Fuld, CEO of Lehman Brothers, told the US House Committee on Financial Services that while he took responsibility for the way he, like many others in Wall Street, had misjudged the seriousness of the economic crisis, he knew nothing about the kind of transactions called Repo 105.
He said: “I have absolutely no recollection whatsoever of hearing anything about Repo 105 transactions while I was CEO of Lehman. Nor do I have any recollection of seeing documents that related to Repo 105 transactions. The first time I recall ever hearing the term ‘Repo 105’ was a year after the bankruptcy filing, in connection with questions raised by the examiner.”
Repo 105 is a way that companies can raise short-terms loans using their assets as collateral. Fuld needed such loans to finance his purchase of huge assets.
http://www.timesonline.co.uk/tol/life_and_style/health/mental_health/article7135...
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