FDL Contributor Bill Black scorched everyone with his testimony on the failure of Lehman Brothers before the House Financial Services Committee today.  His prepared remarks can be found here (PDF). CHAIRMAN KANJORSKI: And now we’ll hear from Mr. William K. Black, Associate Professor of Economics and Law, the University of Missouri, Kansas City School of [...]

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, [...]