Lehman's Fuld testifies before House

(02:52) Rough Cut

Oct. 6 - Richard Fuld, who was chief executive of bankrupt investment bank Lehman Brothers, testifies before the U.S. House of Representatives panel on oversight and government reform.

He tells the committee, "I take full responsibility" for Lehman's demise. Thus far, the panel members are questioning Fuld on his "compensation package" at Lehman.

SPEAKERS:

  • Rep. Henry Waxman (D-CA), U.S. House of Representatives Oversight and Governmental Reform Committee Chairman
  • Richard Fuld, Lehman Brothers Chief Executive

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