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In Newsweek Magazine

The 16th Minute: Legends of the Fall

A year ago, the financial system … well, really, who doesn't remember? Where key players are today:

DICK FULD
Then: Longtime Lehman CEO went down with the other Bros., losing more than $800 million himself as the firm's stock sank.

Now: Sold his Park Avenue pad for $26 million in August; now commutes from Connecticut to Matrix Advisors in Manhattan.

KEN LEWIS
Then: Bank of America CEO and board chairman won Merrill Lynch in a $50 billion Treasury-arranged shotgun marriage.

Now: Still CEO, but stripped of chairmanship. Settled a civil suit with SEC for $33 million for failing to disclose Merrill bonuses.

JOSEPH CASSANO
Then: Head of AIG's financial-products division, which singlehandedly screwed the company by insuring $440 billion in bad debt.

Now: AIG kept him on as a million-dollar "adviser." Currently holed up in London and is an avid cyclist, according to Vanity Fair.

ROBERT WILLUMSTAD
Then: As AIG CEO from July to September '08, manned the bridge as stock fell 94 percent. (Said no to $22 million golden parachute.)

Now: A senior adviser to Brysam Global Partners, a private-equity firm he cofounded before going to AIG.

HANK PAULSON
Then: Goldman CEO turned Treasury secretary oversaw the bailout. Questions about why he let Lehman fail and Merrill live per sist.

Now: Working on a tell-all book due out in January 2010 while teaching as a visiting fellow at Johns Hopkins University.

DANIEL MUDD
Then: As CEO of Fannie Mae, helped steer $270 billion in loans to risky lenders, leading to huge losses and a government takeover.

Now: In August became CEO of Fortress Investment Group, a publicly traded hedge fund that lost $171 million in Q2.

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