Dick Fuld Speaks
Lehman CEO Dick Fuld spoke before the House a few minutes ago and answered questions about the demise of his firm as well as assumed reponsibility for making mistakes that resulted in Lehman's bankruptcy. ("With the benefit of hindsight, I can now say that I and many others were wrong," said Fuld.) He also faced tough questions about his compensation package at the hands of Rep. Henry Waxman. A brief clip of the Waxman-Fuld showdown is above.