1:00 p. m. –The House Oversight Committee is meeting, and the most extraordinary thing just happened. Rep. Henry Waxman just listed the cumulative salary and bonuses of the CEO of Lehman Brothers, Richard Fuld, totaling it all up to nearly half a billion dollars, and then asked him if he thought it was fair that a) he ever earned that much money, and b) he should keep it.
This guy is getting grilled. Rep. Carolyn Maloney is on the committee and is speaking. It’s still going on right now.