All the written testimony, including emails and analysis being presented at the hearings is available online
Testimony of Luigi Zingales on "Causes and Effects of the Lehman Brothers Bankruptcy” makes the most interesting reading so far…
These are a pair of beauties from Dick Fuld about how they were going to use some of the $5 billion Korean bailout to go back into the market after short sellers as a personal vendetta with Einhorn, this at a time when they had underlying capital problems
Fuld, Dick j.bP@lehman.com]
Monday, May 26, 200812:54 PM (GMT)
Goldfarb, David ~. • @Iehman.com] <Error -2147221233>
I agree with all of it. Also want to have them buy 10 com real estate.
Lots of strat work to do.
C u tomorrow.
----- Original Message —.From:
To: Fuld, Dick; Gregory, Joe
Sent: Mon May 26 08:49:562008
Korea situations sounds promosing. They really are looking to restructure and open up financial services and seems to want anchor
event to initiate the effort, which could be us. I still prefer a Hank or GE solution, but if that is not there, we could make this
strategically based as well.
Between Kunho and ES’ relationship it feels this could become real. **If we did raise 5 billion, I like the idea of aggressively going into
market and spending 2 of the 5 in buying back lots of stock (and hurting Einhorn bad! I).**Lots to do on this, been speaking to Jesse and Kunho.Sounds like the Koreans are serious on this and are looking to do something
aggressive. Could be interesting timing for them, to get some attention away from faster growth Asian economies.
Could be interesting, but as we know these things often don’t go further then the rhetoric!!!
CONFIDENTIAL LB 008070
Did Paulson (ex Goldman Sachs) lead Fuld (Lehman) a merry dance into his honey trap (bait being new Cap and MTM standards etc) causing the demise of Lehman and the ultimate survival of GS. John Grisham couldnt make this stuff up…
Fuld, Dick fL firstname.lastname@example.org]
Saturday, April 12,20082:52 AM (GMT)
Russo, Thomas A ~p email@example.com] <Error -2147221233>
Just finished the Paulson dinner.
A few takeaways//
I-we have huge brand with treasury
2-loved our capital raise
3-really appreciate u +Reiders work onm ideas
4-they want to kill the bad HFnds + heavily regulate the rest
5-they want all the G7 countries to embrace
Lev + liquidty stnds
6-HP has a womed view of MLl
in all worthwhile.