What goes up, must come down, that is just the nature of things. The once mighty executives of Lehman Brothers are not so mighty anymore. But as we know bankers always get bailed out by the Government because the Bankers have the politicians in their back pockets and Washington is bought and sold on a whim.
The wind-down of Joseph M. Gregory’s once vast fortune has hit a new level: Lehman Brothers’ former chief operating officer has listed his Long Island mansion for sale.
Real estate agents at Coldwell Banker have listed a six-bedroom, eight-bathroom house in Lloyd Harbor, N.Y. The street address of the property — which includes a 15,000-square-foot main house and a 6,000-square-foot guest house — matches public records for Mr. Gregory. The asking price is $22 million.
- Former Lehman Operating Chief Puts Mansion Up for Sale (dealbook.nytimes.com)
- Former Lehman President Joseph Gregory Is Selling His Breathtaking Long Island Mansion For $22 Million (businessinsider.com)
- CONFIRMED: The attempted cover-up of how JP Morgan torpedoed Lehman Brothers (silverdoctors.com)
- CONFIRMED AT LAST: The attempted cover-up of how JP Morgan torpedoed Lehman Brothers (blacklistednews.com)
- Jumping to conclusions, Malcom Gladwell edition (blogs.reuters.com)