CEOs from Lehman, AIG called to testify before Congress

[katty]

(gee, maybe they'll show up)

more: http://rawstory.com/news/afp/CEOs_from_Lehman_AIG_called_to_test_09172008.html

CEOs from Lehman, AIG called to testify before Congress
Published: Wednesday September 17, 2008



The chief executive of collapsed investment firm Lehman Brothers and the current and former CEOs of troubled insurance giant AIG have been summoned to testify before Congress, an influential US lawmaker said on Wednesday.

The two-day hearing in early October will "examine the regulatory mistakes and financial excesses" that led to the bankruptcy filing by Lehman Brothers and the government bailout of AIG, said Representative Henry Waxman, chairman of the House Oversight and Government Reform Committee.

"Lax oversight and reckless investments on Wall Street are causing massive disruption throughout our economy," said Waxman.

[gcomeau]

1. They should say no....

...and claim "Chief Executive Officer" privilege to ignore calls to testify before Congress. Maybe that would be enough of a kick in the groin to get those idiots to remember they have spines where certain other calls to testify are concerned.

[katty]

2. gawd, indeed-WTF??!! DOES IT TAKE FOR ACTION??!!

[KoKo]

3. Sorry Waxman...the cow is out of the barn.... Nice you are holding hearings

but I wonder if anyone will show up. Given Congresses track record...if they do bother to show up you will get nothing but blather, blather. Congress will do a report next Spring and by then the damage will have been done.

[bobthedrummer]

4. I doubt if Lehman's John Ellis "Jeb" Bush and his cousin Lehman's George Walker will appear eom