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Reuters: Dick Fuld is reading In Fed We Trust


Fuld flew back to New York early Saturday morning on a Delta flight. He had connected through a SkyWest flight from Hailey, Idaho, to Salt Lake City, Utah that was also taken by the Reuters reporter.

On the twin turbo-prop jet, he was reading David Wessel's book, "In Fed We Trust," which looks at the Federal Reserve's role in the financial crisis, and could be seen underlining various passages.

The book examines, among other things, why the U.S. authorities did not rescue Lehman while being prepared to bailout floundering insurance giant AIG.

When asked about his views of the key figures in that decision, former Treasury Secretary Henry Paulson, Fed Chairman Ben Bernanke and current Treasury Secretary Timothy Geithner, he said the reporter should read that book and "go back to my testimony" before lawmakers.

Fuld had told the Congressional panel that he would wonder "until they put me in the ground" why the U.S. government did not rescue his firm, as it helped others.

-- Reuters  Read the Reuters story here

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