FOX Business Network’s Charlie Gasparino reports that “sources close to the Securities and Exchange Commission [SEC] say the probe of Lehman (LEHMQ) is not over” but it is “on life support.” Gasparino also reported on former Lehman Brothers CEO Dick Fuld, saying that, “Dick Fuld feels for all intensive purposes that he’s off the hook,” and “even if charges aren’t brought against him…he will always be Dick Fuld, the guy that was running the train when it crashed.” Excerpts from the report are below, courtesy of Fox Business Network.
On the government’s probe into the fall of Lehman Brothers:
On what Former Lehman Brothers CEO Dick Fuld has been doing lately:
“Dick Fuld feels for all intensive purposes that he’s off the hook. He’s trying to start a financial advisory firm. Sources tell FOX Business Network he has a few clients. It’s difficult because even if charges aren’t brought against him, which, though it’s still going on, that looks like the likelihood, he will always be Dick Fuld, the guy that was running the train when it crashed.”