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Lessons from the Lehman Autopsy
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Accounting chicanery and trickery through Repo 105 that masked the company's financial decline unmasked by Anton Valukas. Anton Valukas is the court approved bankruptcy examiner who prepared the 2200 page Lehman Report on the unwinding of Lehman. Valukas showed that Lehman head Fuld was fully knowledgeable of the accounting used to cover up the bank's decline.The report also shows that the Federal Reserve Bank of New York and the SEC had knowledge of the same facts but shrugged their shoulders and looked the other way.
Lehman Brothers and the improper accounting that misled investors and led to its collapse.
03/18/2008
The use of Repo 105 transactions which concealed loans as sales of securities and moved them off the bank's balance sheet. About $50 billion was moved off the balance sheet in this way in 2007 and 2008. The practice started in 2001 and was accepted by its auditor Ernst & Young. The New York Attorney General is investigating Lehman and Ernst & Young.
Grouped Articles
Lessons from the Lehman Autopsy
BusinessWeek 03/24/2010
Lehman Channeled Risks Through âAlter Egoâ Firm
New York Times 04/12/2010
Fuld: SEC, Fed Knew All —Even If He Didn't
Wall Street Journal 04/20/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
Hedge Funds Are Among the Winners of the Lehman Spoils
Wall Street Journal 09/13/2013
From Lehman's Wreckage, New Lives
Wall Street Journal 09/12/2009
Lehman after one year in September 2009.
03/18/2008
The Lehman failure looked at a year later. But what of this crisis atmosphere that needed to be created by Paulson for reform, and for Congress to acto both on bailout and reforms? See the accompanying article in the NYT on the practically complacent and no action posture that has set in on American financial markets, and the lobbying of financial institutions in Congress and with the Obama government that supports such a posture.
Grouped Articles
Lessons from the Lehman Autopsy
BusinessWeek 03/24/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
Hedge Funds Are Among the Winners of the Lehman Spoils
Wall Street Journal 09/13/2013
In Lehman's Shadow, Ex-CEO Fuld Carries On, Quietly
Wall Street Journal 09/13/2013
Introducing a Roundtable on Too Big to Fail
Unknown 10/25/2009
Death and Near-Death Experiences on Wall St.
New York Times 09/21/2008
Lehman Brothers and Fed rescue
03/18/2008
Grouped Articles
Lessons from the Lehman Autopsy
BusinessWeek 03/24/2010
Fuld: SEC, Fed Knew All —Even If He Didn't
Wall Street Journal 04/20/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
Hedge Funds Are Among the Winners of the Lehman Spoils
Wall Street Journal 09/13/2013
Introducing a Roundtable on Too Big to Fail
Unknown 10/25/2009
Death and Near-Death Experiences on Wall St.
New York Times 09/21/2008
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