At the first hearing into the causes of the financial crisis, the House Oversight and Governmental Reform Committee grilled Dick Fuld, the chief executive of Lehman Brothers, about millions in bonuses paid to the firm’s executives even as the company appealed to the federal government for a bailout to save it from bankruptcy. Guest: Todd Zwillich, reporter at Capitol News Connection
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!