Lehman CEO Fuld To Testify At Congressional Hearing On Company's Collapse

Reuters:

Disgraced CEO Richard Fuld, who oversaw the demise of venerable Lehman Brothers Holdings Inc that helped tip the credit crunch into a full-blown crisis, will testify at a congressional hearing next week.

Rep. Henry Waxman, the Democratic chairman of the U.S. House of Representatives Committee on Oversight and Government Reform, has called Fuld and former chief executives of insurer American International Group Inc to appear at hearings into the financial excesses that led to the collapse of the companies.

Read the whole story: Reuters

Comments

[PT6]

WALL STREET MAY HAVE GIVEN TENS OF MILLIONS TO CONGRESS!

BUT "WALL STREET LOST ALL HOLD ON CONGRESS WHEN THEY CAUSED THIS CRISIS!"

SO CONGRESS TURN THEM LOSE - IGNORE THEM - THEY ARE THE PAST!

WALL STREET WILL NEVER GIVE YOU EVEN A FRACTION OF WHAT THEY DID IN THE PAST!

IN SHORT FIND SUPPORT ELSEWHERE and KISS WALL STREET GOODBYE!

[1manisland]

Go to jail - go directly to jail - do not pass go - do not collect $ 45,000.000 .

[Oakknollfarm]

I was at the MOMA a couple of weeks ago and noticed that Mr. and Mrs. Fuld had a named gallery. For a nano-second, I wondered if MOMA would take it down - they won't. Let's face it his buddy Tim Geithner (FRB NY President) and Kevin Warsh (FRB Governor and Ron Lauder's son-in-law) won't let nothin' happen to Fuld.

[hipolitical]

Nothing will come of this. Wonder if he will take the fifth just like Kenny Boy Lay did when Enron burst...Wa­ll Street owns Congress right now, not vice versa.

why don't the over-leveraged dumbasses who got equity loans against their homes to buy jacked up pickup trucks and $4.00 lattes testify in congress too.

http://www.bankspiral.com

[PT6]

I hope he TALKS about the predatory use of "ILLEGAL NAKED SHORTS" by GS and MS.

I hope he talks about the use of "NEGATIVE LEVERAGING" by GS and MS.

[jubo]

$45 Mil last year alone... may I be 'disgraced' too?