it's dick fuld.ided over lehman brothers, responsible for the largest corporate bankruptcy in american history. many think this was the galvanizing event of the crisis. but lehman brothers under dick fuld's stewardship grew into a huge powerhouse, multi-strategy investment bank, commodity trader, et cetera, but also some argue that he took it too far. he couldn't sell it, couldn't get investors on board when that was crucial, and he was just pretty much in denial until september 15th when it all fell apart. he's now running a small m & a consultancy. >> you make a compelling case but it would definitely be a fierce water cooler debate about dick fuld. >> can i also throw in a quick honorable mention? michael lewis, the business writer, needs an honorable mention. he's the reason we know about ranieri. he chronicled wall street -- [ speaking simultaneously ] >> he did it in a very entertaining way. something that everyone can access. wonderful writer. >> thanks, ladies. >> fantastic guy, too. had him

it lists former new york mayor michael greenberg, dick fuld, and corzine, as members. the purpose of that evening at st. regis was simple, to speak among friends without the glare of the media. and to welcome 21 new members known as neophytes, all of whom were required to dress in leotards, gold sequinned skirts, with costume wigs. highlights from the group's past year came from warren stevens, investment banker worth estimated $2.5 billion who took the stage in a confederate flag hat then sang a little diddy to the tune of "dixie." ♪ in wall street land we'll make our stand said morgan and goldman ♪ ♪ first we better get to the fed man ♪ >> what's the biggest difference between hillary clinton and a catfish? one has whiskers and stinks and the other is a fish. >> now, this was just one event in one backroom in one hotel. but thanks to citizens united, there are other events in backrooms across america, where the occupants aren't just trading tasteless jokes but trying to determine the outcome of the next election. today, news that paul singer, a new york billionaire,

jon corzine, dick fuld. he was not there but he's on the membership list. of wall street. i wanted to sneak in because i wanted to see what goes on behind closed doors. >> what did you see? i am i wall street enthusiast. my mind is blown and i am massively disappointed, were you? >> absolutely. >> i rented a tuxedo. i go into the saint regis hotel to see what is happening. i see a bunch of millionaires and billionaires dressed in drag. as part of the induction process, new members have to dress in drag and had to do skits and musical acts. some of these acts are quite offensive. >> offensive how? >> sexist jokes, homophobic occupydigs about the jokes. there was really offensive stuff. >> just this morning, i saw paul qualey apologizing saying my brief remarks were at the event and did not -- they were part of the spirit of the event but did not reflect my views. the thing i have a hard time with -- what was the spirit of the event? i would be humiliated if there was a hidden camera in my kitchen and if they saw conversations i might have with my husband or