Lehman

By Michael Pomerleano

What are the broader implications of the report on Lehman Brothers issued by the bankruptcy examiner?

The report details the effort to conceal Lehman’s true debt levels through the so-called “Repo 105” structure. It finds “credible evidence” to back a claim that the failure of Dick Fuld, Lehman chief executive, to disclose the transactions was “grossly negligent”. Read more >>