The World According To Richard Fuld

Here's a couple of comments former Lehman Brothers CEO Richard Fuld made to the US House Finances Committee Tuesday.

Understatement of the Year

'We told (former US Treasury Secretary Hank ) Paulson that filing for bankruptcy would be a disaster'.

Chip on the Shoulder

'We were mandated into bankruptcy. One day we had a firm, and the next day we did not. It hurt a lot of people'.

Old Classic

'I'd rather reach into my pants, take out my dick and cut it off (than provide bailout monies to hedge fund Long Term Capital Management)'.

Lehman eventually kicked in $100m.

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