The biggest bankruptcy in U.S. history could have been avoided, according to the man at the helm at the time. Former Lehman Brothers CEO Richard Fuld told a panel investigating the financial crisis that his firm repeatedly asked federal regulators for emergency assistance in September 2008, and was repeatedly denied aid, even though other big banks did later get a government bailout. The panel also heard from regulators, including the Federal Reserve, which said it did everything in its power to save the storied investment bank.
