Today, starting at 11 pm, the House Financial Services Committee will begin hearings on the collapse of Lehman Brothers and its role in the financial crisis. The hearing will be broadcast live on C-SPAN 3.
Expected to testify: a who’s who of the world of financial regulation. Former chief executive of Lehman Brothers, Dick Fuld, Treasury Secretary Tim Geithner, Securities and Exchange Commission Chair Mary Schapiro, and Federal Reserve Chairman Ben Bernanke are all expected to testify before the committee.
Fuld has already stated in written testimony that he was unaware of the questionable accounting practices that enabled Lehman Brothers to hide their level of indebtedness from the public.
FDL will be monitoring the hearing and will report on and/or begin liveblogging the hearing if something of note happens.