Wednesday, February 10, 2010

Dick Fuld

I was kind of amused by this anecdote, early on in "Too Big To Fail": on the weekend of the Bear Stearns collapse, Hank Paulson calls Fuld, who's in India schmoozing with clients, to apprise him of the situation. Fuld decides he has to fly straight to New York, and the first thing he thinks to ask Paulson is whether he can get him clearance to have his private jet fly over Russian airspace --- in order to shave 5 hours off the flight time. The answer from Hank: "Even I can't get permission for that".


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