WASHINGTON, April 16 (Reuters) - Federal Reserve Chairman Ben Bernanke joins Treasury Secretary Timothy Geithner next Tuesday to testify before Congress on the 2008 collapse of Lehman Brothers amid the peak of the financial crisis.
The two, along with Securities and Exchange Commission Chairman Mary Schapiro and former Lehman Chairman Richard Fuld, will be before the U.S. House of Representatives Financial Services Committee, starting at 11 a.m. (1500 GMT)
Lehman collapsed in September 2008 during the peak of the financial crisis after efforts to find a suitor for the Wall Street bank failed and there has been widespread speculation that letting it fail made the crisis worse.
Geithner was then president of the New York Federal Reserve Bank, and he and Bernanke, along with former U.S. Treasury Secretary Henry Paulson, were closely involved in the effort to deal with Lehman and ultimately with the decision to let it fail.
(Reporting by Glenn Somerville; Editing by Kenneth Barry) Keywords: USA FED/LEHMAN (glenn.somerville@thomsonreuters.com; +1-202-898-8377; Reuters Messaging: glenn.somerville.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The two, along with Securities and Exchange Commission Chairman Mary Schapiro and former Lehman Chairman Richard Fuld, will be before the U.S. House of Representatives Financial Services Committee, starting at 11 a.m. (1500 GMT)
Lehman collapsed in September 2008 during the peak of the financial crisis after efforts to find a suitor for the Wall Street bank failed and there has been widespread speculation that letting it fail made the crisis worse.
Geithner was then president of the New York Federal Reserve Bank, and he and Bernanke, along with former U.S. Treasury Secretary Henry Paulson, were closely involved in the effort to deal with Lehman and ultimately with the decision to let it fail.
(Reporting by Glenn Somerville; Editing by Kenneth Barry) Keywords: USA FED/LEHMAN (glenn.somerville@thomsonreuters.com; +1-202-898-8377; Reuters Messaging: glenn.somerville.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.