Who Gets A Bailout?

6 Oct 2008

Lehman Bros. CEO Grilled About Salary

Richard Fuld, the CEO of failed Lehman Bros., is questioned about his compensation in a House committee hearing.

"… any recommendations on fundamental reforms that would bring the new approach to executive compensation. Because it seems that the system worked for you. But it didn't seem to work for. The rest of the country and the taxpayers are now have to pay up to 700 billion dollars to bail out our economy. If you can't can we can't continue to have a system where Wall Street executives. Privatize all the gains. And then socialize the losses accountability needs to be a two way street. You disagree with that …" at 4:07

"… dollar oceanfront home in Florida you have a summer vacation home in Sun Valley I though. Yet you and your wife have an art collection filled with million dollar paintings. Your former president Joe Gregory used …" at 3:19

"… Mr. chairman we had any compensation committee. That spent a tremendous amount of time. Making sure that. The interest. Of the executives and employees were aligned with shareholders. My …" at 4:45

3 Spoken Highlights

5:41

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24 Sep 2008

Congress Continues Work On Financial Bailout Plan

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke will be questioned by members of the House Financial Services Committee Wednesday. They faced tough questioning Tuesday by a Senate panel. Meanwhile, several firms are under investigation by the FBI.

"… Both secretary Paulson and chairman Bernanke will testify before house committee today and President Bush is cutting his trip short at the UN to return to Washington to continue work on the bailout plan. In Washington I'm -- killing. …" at 1:17

"… the administration's top economic leaders try to sell their 700 billion dollar bailout plan to congress. …" at 0:23

"… And doubts I am frightful. To the point of almost panicked Wall Street not panicky yet but nervous. Stocks slid for a second day with no resolution after five hours of testimony. …" at 0:55

3 Spoken Highlights

1:31

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23 Sep 2008

Uncut: Paulson Testifies Before Congress

Watch Treasury Secretary Henry Paulson's opening statement to the Senate Banking Committee as he urges the panel to pass the $700 billion bailout plan.

"… lending to AIG's or can sell some of its assets in an orderly manner. And here I would make that comment you know I've perjured com. …" at 1:57

"… the system including -- temporary guarantee program for the US money market mutual fund industry. These steps have been necessary. But not sufficient. More is needed. We -- market turmoil reach a new level last week it …" at 3:50

"… the leaders of congress you also tell us don't give us a fait accompli. Come in and work with us. We gave you a simple. Three page legislative outline and I thought it would have been …" at 5:57

4 Spoken Highlights

9:55

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