It is because of the greed and recklessness of upper management throughout the financial industry that these workers are now facing an uncertain and scary future.

If Lehman is sold — as now appears likely — the buyer will fire many of them. And they know that tens of thousands of other Wall Streeters laid off in the tsunami sweeping the financial industry — including many recently let go from Bear Stearns — are already chasing after too few jobs.

Yet why are the executives like Killinger at Washington Mutual walking away with their golden parachutes? I wouldn’t be surprised if Lehman’s leadership gets away with this before the firm is sold as well. Yet just like Enron, Arthur Andersen, Bear Stearns and now Lehman Brothers it’s the workers in the end who loose everything. Greed is not a good business model.