Community | October 06, 2008 | Comment on this video (14)

Lehman CEO Testifies

clemwilson
Former Lehman Brothers CEO Richard Fuld spoke to a House panel to explain his involvement in the former investment banks demise. Fuld, who admitted to taking over $300 million in compensation while at the company stated that he was willing to take "full responsibility" for his actions at Lehman Brothers. Decisions he said were "prudent and appropriate" based on the information available to him.
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14 comments // Lehman CEO Testifies // Video

  • btp2u
    • 0
      btp2u  
    • It is most unfortunate that the real criminals are not going to be identified nor punished for their leadership in this economic disaster for they are far to covered by middlemen.
      Not only should they be ferreted out and punished, but the government officials that allowed this to happen on their watch. The shepherd that allows the slaughter of his flock should not go unpunished. The suffering of millions for the gluttony of the few. This one of the greatest disasters in many decades.

    • 3 years ago
  • kThoop
  • GatorMonkey
  • wiredbirds
  • Hollow_Eyes
    • 0
      Hollow_Eyes  
    • This is fantastic. Not Fuld but the man running the show. Personally I think he tore Fuld a new one in very nice terms.

      Way to go. Though it's too little too late.

    • 3 years ago
  • Wilmingtonian
    • 0
      Wilmingtonian  
    • I would NEVER call Fuld a scapegoat he's the real deal. Pure personification of wall street scum of the earth. We should make him sit in Rikers till he gives up the names then turn em loose to a roomfull of his stockholders

    • 3 years ago
  • red3636
  • Big_Hindu
    • 0
      Big_Hindu  
    • I wanna stab him the face with a soldering iron for wha the has done, then make him pay back all the money he and his company has stolen.

    • 3 years ago
  • dside
  • keviar
  • Sara_Airey
    • 0
      Sara_Airey  
    • We are not an entirely ignorant people. Of course we know there are people receiving unimaginable benefits and money while most people are getting a few dollars over minimum wage for back-breaking labor. What do we get for that? Better character. What really gets us is that we never really thought we'd start struggling even more for their own gain.

    • 3 years ago
  • KarlitoMosquito
    • 0
      KarlitoMosquito  
    • I'm glad we finally have a name and face to place some of the blame onto, but this guy can't possibly be the only person who blew it. He seems more like a scapegoat and I want a WITCH HUNT! I want to see every single person who is to blame for this lined up against a wall so we can all punch them in the gonads one by one...

    • 3 years ago
  • khromadjo
    • 0
      khromadjo  
    • With both presidential candidates calling for oversight and accountability, Fuld and company should be prosecuted as providence of the candidates' commitments to protect the American people. On a personal note, I don't care how "bad" Richard Fuld feels about what he did, the only numbers people like him deserve are inmate numbers.

    • 3 years ago
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