Committee Holds Hearing on the Causes and Effects of the Lehman Brothers Bankcruptcy |
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The Committee held a hearing on Monday, October 6, 2009 to examine the regulatory mistakes and financial excesses that led Lehman Brothers Holdings to file for Chapter 11 bankruptcy protection on September 15, 2008, the largest bankruptcy in U.S. history. The hearing took place at 10:00 a.m. in room 2154 Rayburn House Office Building.
The following witnesses testified:
Panel I
Dr. Luigi Zingales Professor of Finance University of Chicago
Dr. Robert F. Westcott President Keybridge Research LLC
Mr. Nell Minnow Chairman of the Board and Editor The Corporate Library
Mr. Gregory W. Smith General Counsel Colorado Public Employees' Retirement Association
Panel II
Mr. Richard S. Fuld, Jr. Chairman and Chief Executive Officer Lehman Brothers Holdings
To view a webcast of the hearing: CLICK HERE
Documents and Links
Opening Statement of Chairman Henry Waxman
Prepared Testimony of Dr. Luigi Zingales
Prepared Testimony of Dr. Robert F. Westcott
Prepared Testimony of Mr. Nell Minnow
Prepared Testimony of Mr. Gregory W. Smith
Prepared Testimony of Mr. Richard Fuld, Jr.
Financial Crisis Minority Report
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