Where is dick fuld now

Time for me to raise my ugly head. The key thing to remember about what happened to Lehman, Fuld said, was that everyone and everything else was to blame. All these things taken together—I refer to it as the perfect storm. But it starts with the government. The government? Yes, Fuld and plenty of other financial leaders, it must be admitted blames government policies that encouraged people to buy homes. That led to increased home values, household debt, people borrowed a record amount of money, and as rates went down further, people refinanced, they used their homes and the increased value in their homes as ATM accounts.

Not to mention the global economy. In the United States, G. Sovereign-wealth funds exploded. All this money had to be put to work. They expanded their balance sheets, offering loans and other investments. With interest rates so low, investors were looking for higher yields, which Wall Street was only too willing to provide as well. Paulson has been a severe critic of Trump.

As boss of the New York Fed, Geithner was another of the officials who decided to let Lehman collapse, although he has since criticised Paulson for revealing the plan to senior bankers in advance. In four years at the Treasury Geithner was criticised for being too close to Wall Street and for targeting deficit reduction over cutting unemployment. Geithner, 57, now holds an array of top jobs, including president of the private equity firm Warburg Pincus, visiting lecturer at Yale University and board member of International Rescue Committee, the humanitarian relief organisation.

Then: prime minister Now: UN special envoy for global eductation. However, when Lehman went down, Brown ordered a bank rescue that became a model for shoring up financial systems. Like Bernanke he is an adviser to Pimco but Brown says he makes no money from private sector work, using it to pay for his staff, with the rest going to charity.

Then: chancellor of the exchequer Now: director of Morgan Stanley. He led the campaign against Scottish independence in , a decision critics said weakened Labour in Scotland. He is also a president of the Chatham House thinktank. Then: business minister Now: chair of Santander UK. Reflecting on that time, the life peer has said Lehman set off events that seemed uncontrollable.

Since leaving the government she has become one of the most powerful women in the City. Vadera, who is 56, has been mentioned as a possible successor to Mark Carney as governor of the Bank of England but an abrasive style could weigh against her.

Then: Bank of England governor Now: academic and adviser to Citigroup. King was accused of reacting slowly to the financial crisis at first but Lehman changed all that.

After supporting the October UK bank bailout the Bank under King slashed interest rates close to zero and was part of a coordinated response to introduce quantitative easing to shore up the economy.

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