Another wall of shame candidate -EX CFO of LEHMAN Erin Callan she should be prosecuted for lying too and misleading investors

She and Fuld should be behind bars for fraud - they never told the truth about their risk exposure although a hedge fund manager confronted her with fact she denied them public ally and has cost billions to investors. How can such a person be allowed to work in the industry tells everything about the basic ethics. Geithner also knew about the facts he let them go bankrupt and caused the biggest slump in the market and is now Secretary of the Treasury. Something is really rotten in Washington.

Excerpt

Credit Suisse’s Erin Callan Taking Personal Leave of Absence

By Christine Harper

Feb. 4 (Bloomberg) -- Erin Callan, the former chief financial officer of bankrupt Lehman Brothers Holdings Inc., is taking a personal leave of absence from Credit Suisse Group AG about five months after she joined the second-biggest Swiss bank.

Callan’s temporary leave was confirmed by Victoria Harmon, a spokeswoman for Credit Suisse in New York. Harmon declined to comment further. The leave starts next week, said a person familiar with the matter. Callan, 43, didn’t respond to two messages left on her cellphone.

Lehman Brothers was the fourth-biggest U.S. securities firm before its bankruptcy filing last September, the largest in U.S. history. Callan was promoted to chief financial officer on Dec. 1, 2007, and demoted about six months later after the firm failed to quell speculation about mounting losses and a plunge in its stock price.

Callan’s credibility was publicly challenged in a May speech by hedge-fund manager David Einhorn, whose Greenlight Capital LLC had bet that Lehman shares would fall. Einhorn said Callan spoke with him privately and then later changed her story about how the firm had valued a private equity investment.

Since Lehman’s bankruptcy, Callan has been among about a dozen former executives who have been subpoenaed to testify before grand juries, a person familiar with the matter said in October. Proskauer Rose LLP’s Robert Cleary, Callan’s lawyer, didn’t return a call seeking comment.

Credit Suisse hired Callan, who advised hedge funds at Lehman before her promotion to CFO, to run a unit that advises hedge funds. She was recruited in July, about a month after her demotion at Lehman, and she started at Credit Suisse in September.