Blame Game Begins on Capitol Hill
Lehman Brothers Execs Tell Congress They Didn't Keep Documents
By RHONDA SCHWARTZ
September 26, 2008
While the country waits anxiously for Congress and the White House to agree on a plan to prevent economic collapse, others on the hill are already searching for whom to blame.
House Oversight Committee Democrat Henry Waxman, who has already summoned the former chief of Lehman...
House Oversight Committee Democrat Henry Waxman, who has already summoned the former chief of Lehman Brothers to testify under oath before his committee next week, publicly blasted the former Wall Street titans Friday for not cooperating with requests for documents and emails.
(ABC News)House Oversight Committee Democrat Henry Waxman has already summoned the former chief of Lehman Brothers, the failed investment bank whose collapse stunned the nation last week, to testify under oath before his committee next week.
And late today, Waxman publicly blasted the former Wall Street titans for not cooperating with requests for documents and emails, saying Lehman's counsel has told the committee "although these documents did exist at one time, they were typically "discarded.""
"It is difficult to understand how Lehman Brothers is unable to produce a single internal document that went to or from the CEO's office over the past six months," the letter stated. "It is also difficult to understand why there is no log, file, or other record documenting where these internal documents went."
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It's no wonder Lehman Brothers and companies like them are in such deep trouble and taking us down with them.
more here:
http://abcnews.go.com/Blotter/story?id=5896037&page=1
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