"Cling On"

The current situation should be largely attributed to Dick Fuld's "cling on" approach. He turned down many acquisition attempt on the perceived lack of proper value being offerred. I don't know whether accepting a lesser value was better or the bankruptcy filing was better.

He should have seen this coming long back & should have exited the mortgage business long back. Instead they went on to acquire one more mortagage company. Absolute lack of foresight!!

Mukund Madhav Tripathi
Student (MBA - International Business)
FMS BHU
Varanasi
madhav.161982@gmail.com