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Waxman to former Lehman CEO Dick Fuld:

In conversations with Committee staff, your counsel stated that he and his team are working on collecting your e-mails from this time period, but they expect to produce relatively few to the Committee because you were an infrequent user of e-mail.

Your counsel and his team have also informed Committee staff that they do not currently plan to produce any documents sent, received, or reviewed by you during the past six months that are nonelectronic, such as internal memoranda from company officials, assessments of the company’s potential liabilities, or warnings of the company’s impending collapse. According to your counsel, although these documents did exist at one time, they were typically “discarded.”

Committee staff asked your counsel and his team if they had consulted with the likely sources of these hard copy documents, such as top company officials, but your counsel was unable to identify a group of senior company officials who regularly provided documents to you. Your counsel was unwilling to commit to identifying such a group to the Committee at any time.

Neener neener, not telling!