The CEO of Lehman Brothers to Congress...

"Richard S. Fuld Jr., chief executive officer of Lehman Brothers, declared to the committee "I take full responsibility for the decisions that I made and for the actions that I took." He defended his actions as "prudent and appropriate" based on information he had at the time.

"I feel horrible about what happened," he said.

Waxman questioned Fuld on whether it was true he took home some $480 million in compensation since 2000, and asked: "Is that fair?"

Fuld took off his glasses, held them, and looked uncomfortable. He said his compensation was not quite that much"

http://news.yahoo.com/s/ap/20081006/ap_on_go_co/meltdown_lehman

Weed 'em out and sell their houses-- all their houses, or burn them down. <img src="/forums/images/graemlins/evil.gif" alt="" /> <img src="/forums/images/graemlins/evil.gif" alt="" />

Being a smart ass, I would have fired the same question back to Waxman, except change it a little, is it fair for him to continue taking public money when Congress has continued to saddle the American public w/debt for the last 32 of the last 33yrs he has been a representative. A bit of "the pot calling the kettle black", and the investigation is nothing noire than Congress trying to keep their jobs, in an election year.

The real question/investigation should be where was Congressional oversight (both parties) when all of this was happening?

What does it mean to take full responsibility unless there are proportional consequences accepted?