One grim night before Lehman Brothers Holdings Inc. imploded, trader Jared Dillian drank himself into a frenzied scream, hugged his cat and downed half a bottle of the only drug on hand: Tylenol PM, he says.
By James Sterngold April 29 (Bloomberg BusinessWeek) -- Before Lloyd Blankfein of Goldman Sachs (GS) took his place, Richard S. Fuld Jr.'s angry face was the universal symbol of Wall Street greed. On Oct. 6, 2008, three weeks after Lehman Brothers filed the largest bankruptcy in U.S. history, Lehman's former CEO found himself before Representative Henry A. Waxman, the California Democrat who chaired the House Committee on Oversight and Government Reform. Waxman has stared down plenty of CEOs over the years, yet this had to be one of the most intense confrontations of his career. "Mr. Fuld will do fine," Waxman said. "He can walk away from Lehman a wealthy man who earned over $500 million. But taxpayers are left with a $700 billion bill to rescue Wall Street and an economy in crisis." Fuld said he was a victim, not an architect, of the collapse, blaming a "crisis of confidence" in the markets for