April 20 (Bloomberg) -- Richard Fuld, former chief executive officer of Lehman Brothers Holdings Inc., testifies before the U.S. House Financial Services Committee in Washington about Lehman's bankruptcy.
Fuld told lawmakers he never assumed the U.S. goverment would bail out his company before it filed the biggest bankruptcy in history in September 2008. Representative Edward Royce, a California Republican also speaks. (This is an excerpt of Fuld's testimony. Source: Bloomberg)