Summary Box: SEC chief pledges more oversight of banks after it failed to spot Lehman trouble

Summary Box: SEC chief pledges better oversight

TOUGHER STANCE: The chairman of the Securities and Exchange Commission, Mary Schapiro, pledged better oversight of the nation’s largest banks before House lawmakers.

SHADY MOVES: A bankruptcy examiner found last month that Lehman used accounting tricks to mask its precarious financial condition before its collapse in September 2008.

VAGUE MEMORY: Richard Fuld, Lehman’s former CEO, said he has “absolutely no recollection whatsoever” of the accounting maneuver.