Former Lehman Brothers CEO Richard Fuld blamed the downfall of his firm on a "financial tsunami," but took responsibility for his decisions in his first public comments since the storied Wall Street firm filed for bankruptcy last month. Fuld, appearing before the House Government Reform Committee in Washington, D.C., said that he and other Lehman executives acted in the way they saw best, without knowing the financial turmoil that would eventually engulf the global financial markets and economy. "Based on the information that we had at the time," Fuld told the committee, "I believed that these decisions and actions were both prudent and appropriate. None of us ever gets the opportunity to turn back the clock, but with the benefit of...
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