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Washington - Former CEO Of Bankrupt Lehman Grilled By Congress, As The Dow Falls More Than 500 Points. 'Live Video'

Oct 06, 2008 at 01:16 PM

Washington - Former Lehman Brothers CEO Richard Fuld on Monday blamed the collapse of his firm on a "crisis of confidence" that spread throughout the banking sector. "This was not a lack of confidence in just Lehman Brothers, but part of what has been called 'a storm of fear' enveloping the entire investment banking field and our financial institutions generally," said Fuld, in prepared...

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