“You know what? The anniversary’s coming up,” he said. “I’ve been pummeled, I’ve been dumped on, and it’s all going to happen again. I can handle it. You know what, let them line up.”
Fuld again emphasized his concern about what will be said and written about him in the days leading up to the September 15 anniversary of the Lehman collapse but also stressed his ability to see it through.
“They’re looking for someone to dump on right now, and that’s me,” Fuld lamented and later added: “You know what they say? ‘This too shall pass.’”
Fuld, 63, took Lehman’s reins in 1994 when it was troubled and rebuilt it into the fourth-largest U.S. investment bank, a Wall Street powerhouse whose massively profitable mortgage banking machine inspired rivals' envy. Even Goldman Sachs (GS.N) was nervous.
But it was forced to file the biggest bankruptcy in U.S. history after it choked under the weight of souring assets and lost investor confidence, and as the U.S. government and Federal Reserve failed to find a buyer and decided not to come up with a rescue package.
...
Almost to a person, Lehman employees said in interviews they were still devastated by the demise of the 158-year-old firm. They were stunned, and now they are bitter, about a federal government that arranged shotgun weddings for Bear Stearns and Merrill Lynch, propped up AIG and bailed out Goldman Sachs and Morgan Stanley (MS.N) -- but let Lehman die.
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