April 19 (Reuters) - Lehman Brothers Holdings Inc:
* Former Lehman Brothers Holdings Inc Richard Fuld to tell congress
'super regulator' that monitors financial markets for systemic risk is a good
idea
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say 'new
regulator should have actual experience and a true understanding of the
business of financial institutions' - congressional website
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say 'new
regulator also should have access, on a real-time basis, to all information
and data regarding transactions, assets and liabilities, as well as current
and future commitments'
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say
'perfect storm of events' forced Lehman into bankruptcy
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say new
regulator should operate under 'a single set of transparent rules for all of
the participants' including on mark-to-market accounting
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say in
2008 before lehman's collapse 'the SEC and the fed saw what we saw, in real
time'
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say in
2008 before lehman's collapse 'the SEC and the fed were privy to everything
as it was happening'
* Former Lehman CEO fuld to say in 2008 before lehman's collapse he
is not aware that 'any data was ever withheld from' the SEC and fed
* Former Lehman CEO fuld to say in terms of asset valuations Lehman
did not have 'a huge capital hole'
* Former Lehman CEO fuld to say examiner's report 'distorted'
relevant facts on repo 105, Lehman and its people have been 'unfairly
vilified'
* Former Lehman CEO fuld to say 'i have absolutely no recollection
whatsoever of hearing anything about repo 105 transactions while i was CEO of
Lehman'
* Former Lehman CEO fuld to say 'the first time i recall ever
hearing the term 'repo 105' was a year after the bankruptcy filing, in
connection with questions raised by the examiner'
* Former Lehman CEO fuld to say repo 105 was not used to remove
toxic assets, nor to hide lehman's assets and did not contribute to lehman's
bankruptcy
* Former Lehman CEO fuld to say Lehman followed accounting rules on
repo 105, was 'mandated' by accounting rules to account for the repos as a
sale
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Lehman Brothers Holdings Inc click here:) 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.
* Former Lehman Brothers Holdings Inc Richard Fuld to tell congress
'super regulator' that monitors financial markets for systemic risk is a good
idea
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say 'new
regulator should have actual experience and a true understanding of the
business of financial institutions' - congressional website
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say 'new
regulator also should have access, on a real-time basis, to all information
and data regarding transactions, assets and liabilities, as well as current
and future commitments'
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say
'perfect storm of events' forced Lehman into bankruptcy
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say new
regulator should operate under 'a single set of transparent rules for all of
the participants' including on mark-to-market accounting
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say in
2008 before lehman's collapse 'the SEC and the fed saw what we saw, in real
time'
* Former Lehman Brothers Holdings Inc CEO Richard Fuld to say in
2008 before lehman's collapse 'the SEC and the fed were privy to everything
as it was happening'
* Former Lehman CEO fuld to say in 2008 before lehman's collapse he
is not aware that 'any data was ever withheld from' the SEC and fed
* Former Lehman CEO fuld to say in terms of asset valuations Lehman
did not have 'a huge capital hole'
* Former Lehman CEO fuld to say examiner's report 'distorted'
relevant facts on repo 105, Lehman and its people have been 'unfairly
vilified'
* Former Lehman CEO fuld to say 'i have absolutely no recollection
whatsoever of hearing anything about repo 105 transactions while i was CEO of
Lehman'
* Former Lehman CEO fuld to say 'the first time i recall ever
hearing the term 'repo 105' was a year after the bankruptcy filing, in
connection with questions raised by the examiner'
* Former Lehman CEO fuld to say repo 105 was not used to remove
toxic assets, nor to hide lehman's assets and did not contribute to lehman's
bankruptcy
* Former Lehman CEO fuld to say Lehman followed accounting rules on
repo 105, was 'mandated' by accounting rules to account for the repos as a
sale
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Lehman Brothers Holdings Inc click here:) 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.
© 2010 AFX News
