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Clip: 2008 Lehman Brothers Failure, Panel 4

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Apr 20, 2010

Clip from 2008 Lehman Brothers Failure, Panel 4

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00:00:00 TODAY OR ANSWERED TO THE BANKRUPTCY EXAMINER, NOT THAT YOU'RE AWARE OF OR NOT THAT YOU RECALL.
00:00:10 DID YOU REVIEW ANY DOCUMENTS IN PREPARATION FOR TODAY'S HEARING?
00:00:14 >> YES, MA'AM, I DID.
00:00:18 >> WHAT WERE THOSE?
00:00:24 >> I DON'T EVEN KNOW HOW TO BEGIN TO ANSWER THAT.
00:00:28 >> DID YOU -- DID YOU PRACTICE YOUR ANSWERS FOR TODAY'S HEARING WITH ANY KIND OF A -- >> WITH A WHO?
00:00:36 >> DID YOU REHEARSE?
00:00:39 DID YOU GO OVER SOME PRACTICE QUESTIONS?
00:00:41 >> I WROTE QUESTIONS FOR MYSELF.
00:00:43 I THOUGHT ABOUT THEM.
00:00:45 >> ENGAGE IN A MURDER BOARD PREPARATION WHERE OTHER PEOPLE ASKED YOU QUESTIONS?
00:00:49 >> I'M SORRY.
00:00:50 A MURDER BOARD?
00:00:51 >> YOU'VE NOT HEARD THAT TERM BEFORE?
00:00:55 ALL RIGHT.
00:00:56 MOVE ON. >> EXCUSE ME.
00:00:58 LET ME ASK YOU, I DON'T WANT TO LEAVE THAT HANGING.
00:01:02 A MURDER BOARD IS WHAT THEY CALL IN ADMINISTRATION WHEN THEY PREPARE A POTENTIAL -- A NOMINEE WHO'S FACING CONFIRMATION TO APPEAR BEFORE A SENATE COMMITTEE AND BE ATTACKED.
00:01:15 >> A SEPARATE GROUP?
00:01:16 NO.
00:01:17 I ACTUALLY WROTE OUT A NUMBER OF QUESTIONS MYSELF.
00:01:19 >> SO WHEN -- DID YOU CONSIDER THAT WE MIGHT ASK ABOUT THE WARNINGS MR.
00:01:25 PAULSON GAVE TO -- TO LEHMAN ABOUT THE STATE OF LEHMAN'S BALANCE SHEET, REVIEW THAT?
00:01:32 >> NO, I DIDN'T.
00:01:34 >> YOU DON'T -- DO YOU RECALL MR.
00:01:39 PAULSON'S WARNINGS?
00:01:41 >> I READ HIS BOOK, I'M EMBARRASSED TO SAY.
00:01:45 BUT I READ HIS BOOK.
00:01:47 >> DO YOU RECALL MR.
00:01:48 GEITHNER'S CONCERNS AND URGING THAT LEHMAN MOVE TO A MORE CONSERVATIVE PLACE WITH ITS BALANCE SHEET?
>>
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