Lieman Brothers to Congress: Liar Loans a “Natural Fit”

WASHINGTON (Roiders) – Appearing before a congressional committee, the former CEO of Lieman Brothers defended trading in so-called "liar loans."

"We based this program on Don’t Ask, Don’t Tell," said Richard "Filthy Rich" Fuld. "If it’s good enough for our troops then it’s good enough for us."

The patriotic reference struck a chord with committee members, who softened their line of questioning. Asked whether he has a favorite saying, Fuld’s answer won a warm round of laughter: "I don’t mind lying, but I hate inaccuracy."