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616 Notes to Chapter 18

73. Lehman Complaint, pp. 22–23, paragraphs 68, 71.
74. Barry Zubrow, written testimony for the FCIC, Hearing on Too Big to Fail: Expectations and Im-
pact of Extraordinary Government Intervention and the Role of Systemic Risk in the Financial Crisis,
day 1, session 2: Lehman Brothers, September 1, 2010, p. 7.
75. Richard S. Fuld, interview by FCIC, August 24, 2010.
76. Lehman Complaint, p. 23, paragraph 70.
77. Jim Wilkinson, email to Abby Aderman, Russell Reynolds Associates, “Re: Paulson Statement on
Treasury and FHFA Action to Protect Financial Markets and Taxpayers,” September 12, 2008.
78. Kevin M. Warsh, e-mail to J. Nellie Liang, senior associate director, Division of Research and Sta-
tistics, Board of Governors of the Federal Reserve System, September 12, 2008.
79. Valukas, 2:618.
80. Harvey R. Miller, interview by FCIC, August 5, 2010.
81. Tom Baxter, “Speaking notes: Financial Community Meeting,” attached to email from Helen Ay-
ala, NYFRB, to Steven Shafron, Treasure, September 12, 2008.
82. Thomas C. Baxter, interview by FCIC, August 11, 2010.
83. H. Rodgin Cohen, interview by FCIC, August 5, 2010.
84. Parkinson, email to Kohn et al., September 11, 2008.
85. Financial Services Authority of the United Kingdom, “Statement of the Financial Services Author-
ity” before the Lehman bankruptcy examiner, pp. 4–5, paragraph 23.
86. Paulson, On the Brink, p. 193.
87. Patrick M. Parkinson, email to Lucinda Brickler, senior vice president, payments policy, FRBNY,
“Re: triparty repo thoughts for this weekend,” September 12, 2008.
88. Patrick M. Parkinson, interview by FCIC, August 24, 2010; see also Patrick M. Parkinson, email to
Lucinda Brickler et al., “Re: another option we should present re triparty?” July 13, 2008.
89. John Thain, interview by FCIC, September 17, 2010.
90. Christopher Tsuboi, examiner, bank supervision/operational risk, FRBNY, email to Alejandro La-
Torre, assistant vice president, Credit, Investment and Payment Risk Group, FRBNY, “memo re:
Lehman’s inter-company default scenario,” September 13, 2008.
91. Scott Alvarez, email to Ben Bernanke et al., “Re: Fw: today at 7:00 p.m. w/Chairman Bernanke,
Vice Chairman Kohn and Others,” September 13, 2008.
92. Scott Alvarez, email to Mark VanDerWeide, “Re: tri-party,” September 13, 2008.
93. Bart McDade, interview by FCIC, August 9, 2010.
94. Baxter, interview.
95. Paulson, On the Brink, p. 207.
96. Baxter, interview; Robert Diamond, interview by FCIC, November 15, 2010.
97. Paulson, On the Brink, pp. 212–13.
98. Financial Services Authority of the United Kingdom, “Statement of the Financial Services Author-
ity” before the Lehman bankruptcy examiner, p. 9, paragraph 48.
99. Paulson, On the Brink, pp. 209–10. See also Baxter, interview.
100. Baxter, interview.
101. Jim Wilkinson, email to Jes Staley, September 14, 2008, 7:46 A.M.
102. Jim Wilkinson, email to Jes Staley, September 14, 2008, 9:00 A.M.
103. Paulson, On the Brink, p. 210.
104. Alistair Darling, quoted in United Kingdom Press Association, “Darling Vetoed Lehman Bros
Takeover,” Belfast Telegraph, October 9, 2010.
105. H. Rodgin Cohen, interview by FCIC, August 5, 2010.
106. Bart McDade, interview by FCIC, August 9, 2010.
107. Alex Kirk, interview by FCIC, August 16, 2010; McDade, interview, August 9, 2010.
108. Baxter, interview.
109. Thomas C. Baxter, letter to FCIC, October 15, 2010, attaching Exhibit 6, James P. Bergin, email to
William Dudley et al., “Bankruptcy,” September 14, 2008. See also Kirk, interview.
110. Ibid., attaching Exhibit 5, Lehman Brothers Holdings Inc., “Minutes of the Board of Directors,
September 14, 2008,” p. 2.
111. Ibid., attaching Exhibits 2 and 8.