Doug French, Former Bankster, Now VP of Von Mises

Right. It just seems to me that if there is considerable controversy Lew should set things straight. I don't really know how controversial this is though.
For me, it's not. I'll go with Lew until I have some valid reasons not to. ;) Otherwise, it's NONE of my business.<IMHO> :)
 
I used to feel that away I even emailed Lew about it, but I had a feeling they were just going to try to bury this issue. So I decided to just let the issue float around on the internet forever so they can't just bury it easily. In all of French's articles after he got fired from Silver State there was no mention of Silver State whatsoever. He just continued to criticize the Statists for causing speculative bubbles, when he himself participated knowing he was putting his depositors at risk.
 
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Those bankers should have never received those bonuses. They money they received was from the bailouts. French was fired before the bailouts. What else, oh, how big was French's bonus?
No, it was about an incident that happened before this time, probably decades ago. Lew was recounting what Rothbard had said at one time about Citigroup.
 
A word from Lew about all this would be great...

Lew Rockwell doesn't owe anyone anything. It's his institute, he can hire whomever he chooses. Would YOU turn down the money of a millionaire who wanted to help your cause? I wouldn't.

You people are ridiculous.
 
There was just a CNN special on Doug French and the collapse of Silver State Bank.
 
Please clarify.
Just go back and listen to the podcast if you have to. Lew was talking about an incident where the new CEO of Citigroup was getting a bigger bonus even though the firm wasn't doing that great at the time, and this is before the bailouts had happened mind you, so the comparison to Doug French and Silver State fits IMO. Comprende?
 
Just go back and listen to the podcast if you have to. Lew was talking about an incident where the new CEO of Citigroup was getting a bigger bonus even though the firm wasn't doing that great at the time, and this is before the bailouts had happened mind you, so the comparison to Doug French and Silver State fits IMO. Comprende?

Well, in that case, so what if French got a bonus? If if the board of directors is giving out bonuses to executives who do not deserve them, then the shareholders can deal with that.
 
I'll defend French.

People have the right to run their business well, or run their business poorly.

If there was fraud, then it's different. But short of that, he is within his rights.

Personally, I like seeing money concentrate in the hands of Ron Paul supporters / Austrian economists / Libertarians.
 
Well, in that case, so what if French got a bonus? If if the board of directors is giving out bonuses to executives who do not deserve them, then the shareholders can deal with that.
I just find it ironic that Lew was complaining about that, at least it seemed to me he was complaining about it, maybe he wasn't, and yet the VP of the Mises Institute is Doug French.
 
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