Paging Sergeant Schultz

The over-lawyered former Lehman CEO Richard Fuld, in prepared testimony to the House Financial Services Committee:

“Let me start by saying that I have absolutely no recollection whatsoever of hearing anything about Repo 105 transactions while I was CEO of Lehman. Nor do I have any recollection of seeing documents that related to Repo 105 transactions.”

The Sergeant Schultz defense is among my very favorites.

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