Topic: Richard F. Syron

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    LEHMAN BROTHERS - RICHARD FULD: Under Mr. Fuld’s leadership at Lehman, the company underwrote more mortgage-backed securities in 2006-07 than any other firm. The housing market crash showed Lehman's exposure to these high-risk financial instruments and the firm began to lose money. Fuld refused offers to sell, and the Treasury Department did not engineer a rescue, as it did for another investment bank. Lehman's bankruptcy in late 2008 also ended Fuld's job. Code Pink protesters hold up signs as Fuld testifies at a House Oversight and Government Reform Committee hearing in October 2008.

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  • Subprime scandal: ex-Fannie Mae, Freddie Mac execs accused of fraud

    Subprime scandal: ex-Fannie Mae, Freddie Mac execs accused of fraud

    The SEC filed a civil fraud lawsuit Friday against six former top executives at Fannie Mae and Freddie Mac, saying they misled investors about the subprime-loan risks they faced.

  • Gallery CEO exits

    LEHMAN BROTHERS - RICHARD FULD: Under Mr. Fuld’s leadership at Lehman, the company underwrote more mortgage-backed securities in 2006-07 than any other firm. The housing market crash showed Lehman's exposure to these high-risk financial instruments and the firm began to lose money. Fuld refused offers to sell, and the Treasury Department did not engineer a rescue, as it did for another investment bank. Lehman's bankruptcy in late 2008 also ended Fuld's job. Code Pink protesters hold up signs as Fuld testifies at a House Oversight and Government Reform Committee hearing in October 2008.

  • Congress to Wall Street: 'Curb excessive pay and perks'

    Congress to Wall Street: 'Curb excessive pay and perks'

    Treasury Secretary Henry Paulson warns of measures that could slow the bailout bill, but says, "I share your frustrations" on executive pay.

  • Fannie and Freddie: why the takeover

    Fannie and Freddie: why the takeover

    Treasury said Sunday the mortgage giants will enter a conservatorship.