Lehman CEO "not taking responsibility."


	Lehman CEO "not taking responsibility."

bilgewhuump

10-6-2008 3:23 PM

208 views

bilgewhuump says:

YO! WAXMAN. Any recent examples from leaders in Congress,SIR???

2 Comments |

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10-6-2008 3:30 PM

davboz

Really. Who exactly is it in those grand halls that is taking the high road, anyway.
You'd think they'd have a meeting, decide to own up to their OWN complicity in things, and THEN go after those who are criminally culpable.

10-7-2008 1:10 AM

merrie

Waxman and Frank were designated by Pelosi to co-chair the upcoming hearings. (now that the $700Bn bill is now law)

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/073d2556-dbce-4fb8-9b78-8c24fa66d2a2/A5920952-7086-47DA-889C-224C2222ED30/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/news/story/fuld-blames-lehmans-fall-lack/story.aspx?guid=%7BA94914F8-4190-45B8-A850-2C41067F859B%7D&dist=msr_7" href="http://www.marketwatch.com/news/story/fuld-blames-lehmans-fall-lack/story.aspx?guid=%7BA94914F8-4190-45B8-A850-2C41067F859B%7D&dist=msr_7" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/fuld-blames-lehmans-fall-lack/story.aspx?guid=%7BA94914F8-4190-45B8-A850-2C41067F859B%7D&dist=msr_7"><DIV class="p">
            "Mr. Fuld takes no responsibility for the collapse of Lehman," said Rep. Henry Waxman, D-Calif., the panel's chairman, before Fuld began his testimony. Waxman also said Fuld will come out of the bankruptcy remaining wealthy while the economy is threatened. 
        </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/fuld-blames-lehmans-fall-lack/story.aspx?guid=%7BA94914F8-4190-45B8-A850-2C41067F859B%7D&dist=msr_7"><DIV class="p">
            "Mr. Fuld will do fine," Waxman said. "But taxpayers are left with a $700 billion bill to rescue Wall Street and an economy in crisis," said Waxman, referring to the $700 billion rescue plan for the financial markets signed by President Bush on Friday. Waxman said experts believe Lehman's <SPAN class="LqQtGroup"><SPAN class="quotedToolTip"> (<A href="http://www.marketwatch.com/quotes//lehmq" class="lk001">LEHMQ</A>:<SPAN class="quotedToolTipBox"><DIV class="t27 companyName"><SPAN class="companyName"><SPAN mwsymbol="LEHMQ" mwfield="Name" class="mwlivequotes unchanged delayed">Lehman Brothers Holdings Inc</SPAN></SPAN></DIV><DIV><A href="http://www.marketwatch.com/tools/quotes/news.asp?symb=LEHMQ">News</A>,
          <A href="http://www.marketwatch.com/tools/quotes/intchart.asp?symb=LEHMQ">chart</A>,
          <A href="http://www.marketwatch.com/tools/quotes/profile.asp?symb=LEHMQ">profile</A>,
          <A href="http://www.marketwatch.com/quotes//lehmq">more</A></DIV><DIV class="quoteData"><SPAN class="marketicon"><SPAN mwsymbol="LEHMQ" mwformat="None" mwfield="Flags" class="mwlivequotes unchanged delayed"> </SPAN></SPAN><SPAN class="lastLabel">Last: </SPAN><SPAN class="price"><SPAN mwsymbol="LEHMQ" mwformat=",2" mwfield="Price" class="mwlivequotes up delayed">0.14</SPAN></SPAN><SPAN><SPAN mwsymbol="LEHMQ" mwformat="+2" mwfield="Change" class="mwlivequotes down delayed">-0.03</SPAN></SPAN><SPAN><SPAN mwsymbol="LEHMQ" mwformat="+2%" mwfield="PercentChange" class="mwlivequotes down delayed">-17.65%</SPAN></SPAN><BR /><SPAN class="liveQuotesDate"><SPAN mwsymbol="LEHMQ" mwformat="h:nna/pm mm/dd/yyyy" mwfield="Timestamp" class="mwlivequotes up delayed">3:00pm 10/06/2008</SPAN></SPAN><IMG border="0" chartaddress="" src="http://www.marketwatch.com/charts/big.chart?style=1032&size=1&type=256&uf=8192&time=1dy&freq=1mi&symb=LEHMQ" class="quoteTipChart" /><BR /><SPAN>Delayed quote data</SPAN><DIV><IMG src="http://i.mktw.net/images/bullet_black_5x5.gif" class="bullet" /><A href="                  javascript:addToPortfolio('http://www.marketwatch.com/portfolio/add.asp?symbs=LEHMQ&dist=mktwstoryaddportfolio', 'mktw')">Add to portfolio</A><BR /><IMG src="http://i.mktw.net/images/bullet_black_5x5.gif" class="bullet" /><A href="http://www.marketwatch.com/tools/quotes/snapshot.asp?symb=LEHMQ&dist=mktwstoryanalyst
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                ">Financials
              </A></DIV></DIV><DIV><SPAN class="lb07">Sponsored by:</SPAN><BR /><DIV class="qtPieSponsordone"></DIV></DIV><IMG width="1" height="1" border="0" class="pixelTracking" /></SPAN><SPAN class="qted symbol"><A href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=LEHMQ">LEHMQ</A></SPAN></SPAN><SPAN class="marketicon"><SPAN mwsymbol="LEHMQ" mwformat="None" mwfield="Flags" class="mwlivequotes unchanged delayed"> </SPAN></SPAN><SPAN class="price"><SPAN mwsymbol="LEHMQ" mwformat=",2" mwfield="Price" class="mwlivequotes up delayed">0.14</SPAN></SPAN>,
      <SPAN mwsymbol="LEHMQ" mwformat="+2" mwfield="Change" class="mwlivequotes down delayed">-0.03</SPAN>,
      <SPAN mwsymbol="LEHMQ" mwformat="+1%" mwfield="PercentChange" class="mwlivequotes down delayed">-17.6%</SPAN>)
    </SPAN> fall triggered the credit crisis and made the rescue plan necessary. 
        </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/fuld-blames-lehmans-fall-lack/story.aspx?guid=%7BA94914F8-4190-45B8-A850-2C41067F859B%7D&dist=msr_7">and still other institutions would have been overwhelmed had the government not stepped in to rescue them,"</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/fuld-blames-lehmans-fall-lack/story.aspx?guid=%7BA94914F8-4190-45B8-A850-2C41067F859B%7D&dist=msr_7"> Fuld said.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A5920952-7086-47DA-889C-224C2222ED30/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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