Financial Crisis Inquiry Commission
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Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Thursday, Sept. 2, 2010, before the Financial Crisis Inquiry Commission. (AP Photo/Manuel Balce Ceneta)

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Thomas Baxter, Jr., general counsel and executive vice president of the Federal Reserve Bank of New York, testifies on Capitol Hill in Washington, Wednesday, Sept. 1, 2010, before the Financial Crisis Inquiry Commission. (AP Photo/Carolyn Kaster)

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ASSOCIATED PRESS Former Lehman Brothers executive Richard Fuld Jr. (right) told the Financial Crisis Inquiry Commission that Lehman was repeatedly denied measures that could have saved the firm. Thomas Baxter (left), general counsel of the Federal Reserve Bank of New York, said regulators lacked authority to provide the aid.