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FBN’s Charlie Gasparino on former Lehman Brothers CEO Richard Fuld considering writing a book in an effort to improve his public image.
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He is known as the gorilla on Wall Street.
Not Charlie -- news.
You know I was gonna that in the disgraced former Lehman CEO Dick Fuld could be ready.
To -- -- a tell all book three years after the collapse of Lehman Brothers and Charlie Gasparino out the -- It does we'll come over how to fight -- -- about.
This is pretty interest -- because.
Fold as you know is.
This I'm not -- he's a disgrace character but if you talk to many people -- Wall Street currently He is definitely not I mean this and I think there were people out there I know the guy fairly well didn't make a lot of mistakes leading up to the demise of Lehman Brothers yes.
Where they criminal in nature we've nobody has charged him and and what we were the first report is I think.
Probably won't charged with criminal.
In any criminal case but for the and this is federal the federal -- exchange commission.
On a civil matter probably won't charge and so what He would I understand he's talked to you spoke of people in if and in effect He is weighing writing a tell all book to get his side of the story out.
What are the pop the negatives to this -- deposits are obvious He wants to change is perception just like Bernie -- I'm not saying he's like Bernie Madoff but the reason why pretty -- -- to -- -- reporters.
You want to soften his image -- want to do that as a member Fuld has a consulting business what's the negative OK he's not gonna be charged criminally probably.
Probably not gonna charge but He SEC but there are a lot of shareholder cases -- -- tens of million to thousands of liability civilly.
On shareholder cases also as we were first report -- item in the New York attorney general.
As a case out there it looks like it's expanding to include Lehman executives so He has a lot of liabilities that's the negative.
I will tell you this I know we spoke to people that -- know he's weighing in and at least one who is it a publisher.
He can go to -- -- anybody would take it did you take it because -- this rumor.
When there's this notion that he's gonna do something is going around the publishing world right now I mean I know because full toll spoke with people who I -- like I know first -- Public this is now going -- a publisher -- I think they do in the second.
Willie ultimately do it.
I can tell you right now.
I believe his lawyers tell them not to do I believe he's when we he's leaning against doing it.
For those a liability -- or how about the book tour -- -- -- to go before people like us.
While we that was the question I well I think -- -- -- shareholders would be listening He spent.
Well I that's the real issue you know the lawyers will be listening and I think you -- -- -- -- -- He spent forty years and as a Wall Street salesman basically what He did.
He sold himself pretty well this would be his ultimate sell job.
And I think.
Nobody wants to be known going down as as -- as a crook and -- he's not considered a crook he's at least considered someone who drew recklessness.
Aided and embedded the financial crisis by loudly ask Larry McDonald his former dictator who's not appropriate write I decide Eisenberg Larry just re tweeted might tweed and he's pretty amazed by all this because it is -- we people -- -- where his fault okay.
Title.
Any ideas for -- Fun I did it my way I have no idea yeah I can't afford a -- Hey you know what give us your ideas for China donate to face dot com slash live claim it'll get us there ideas we'd love to hear what should Dick fold since -- and they don't -- too little to fail.
Too little too for too little to succeed I don't know I don't know Charlie I'll take a porn -- can't get the latest news -- John Mack is leaving Morgan Stanley -- -- we reported that -- not out that in June a hundred years ago -- CBC's makers are likely.
It just happened today so if you watch that channel do you expect at the gas I told challenged again.
And again -- -- -- retiring after this.
That for a discount locked the doors at the Disco and of this government -- backyard -- -- -- drinking Martinis Charlie thank you sending tweets out.
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