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FULD INSISTS LEHMAN WAS RISK ADVERSE

FORMER Lehman Brothers chief executive Richard Fuld, appearing before a Congressional committee yesterday, acknowledged that people were hurt in the collapse of the ex-Wall Street giant. He insisted the bank was risk adverse, and said he had no knowledge of a technique known as “Repo 105” – used to temporarily remove some assets from its books, unveiled by a court-appointed examiner earlier this year.