Day 24: Wall Street Raiders

Okay, who is he? The corporate pirate who’s selling his office furniture on craigslist. Trying to hide this, too, just like Merrill Lynch hid millions in bonuses it paid to its employees right before its merger with Bank of America. Or, is it someone at AIG (American International Group), another bonus-paying scoundrel.

We’re not talking Staples-office-style desk and chair, or best offer. This CEO is selling velvet curtains a la Gone with the Wind ($28,000); an antique area rug, which the ad says is a bit worn from pacing but easily covered up with furniture ($87,000); a sofa that has been slept on a few times but still comfortable ($15,000); and an off-white parchment waste can, described as “perfect for shredded documents” ($1,400).

The anonymous poster had the audacity to list a $37,000 chandelier that “still sparkles despite the current economic environment.”  Other items in the $1.22 million non-negotiable lot included a mahogany pedestal, silver-framed mirror and a rarely used George IV desk.

“There are other items as well,” the ad read. “Please contact for more information.” I would have, just to expose the schmuck, but the ad had expired along with the poster’s email address. The non-disclosure agreement that the poster required the buyer to sign wouldn’t have stopped me. What would the seller do? Sue me?

I’d pay $19.99 to know which CEO is receiving the proceeds.  Or will the money slip into someone else’s hands other than taxpayers, who probably bought the furniture in the first place with fees collected from late payments, overdrawn accounts and other promotional gimmicks to protect accounts against fraud? You receive those promotions in the mail, don’t you? It’s always for an amount under $10 a month. When will Wall Street wake up and realize that it’s not business as usual.


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