Dick Fuld: ‘Lehman was not a bankrupt company’


Fortune

When it comes to the financial crisis, the gorilla still seems to be in the mist.

Dick Fuld, the former CEO of Lehman Brothers, whose large forehead and demeanor has led people over the years to compare him to a primate, has ticked off a number of reasons for the banking disaster that led to the Great Recession, among them include the government, reckless borrowers, aggressive investors and poor regulation. Curiously missing from Fuld’s financial crisis blame game: His own firm.

In fact, on Thursday, Fuld sought to refute the notion that his firm was in trouble in late 2008. He said the company had $28 billion in assets, and $127 billion in available capital. “Lehman was not a bankrupt company,” he said.

Fuld defended his former firm at an investment conference on Thursday in midtown Manhattan. It was Fuld’s first public comments since he testified in front of Congress…

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