By Stephanie Kirchgaessner in Washington Richard Fuld, Lehman Brothers' former chief executive, told members of Congress on Monday he had done all he could to save his company from collapse but was overwhelmed by a "financial tsunami much bigger than any one firm or industry". In testimony to the House oversight committee - the first to Congress by a Wall Street executive since the passage last week of a $700bn (€518bn, £402bn) bail-out for the financial industry - Mr Fuld said he took responsibility for his actions. But "no one realised" the extent of the problems facing Wall Street, he said, and...
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