European Salon de News, Discussion et Klatsch - 16 March | 118 comments (118 topical, editorial, 0 hidden)

Re: Economy and Finance (none / 0)

Kaufman calls for a "a thorough investigation, both civil and criminal, to identify every last person who had knowledge that Lehman was misleading the public about its troubled balance sheet - and that means everyone from the Lehman executives, to its board of directors, to its accounting firm, Ernst & Young. Moreover, if the foreign bank counterparties who purchased the now infamous "Repo 105s" were complicit in the scheme, they should be held accountable as well."

Funny the (New York) Fed is not mentioned...

The brainless should not be in banking -- Willem Buiter

by Carrie (migeru at eurotrib dot com) on Tue Mar 16th, 2010 at 09:49:39 AM EST
[ Parent ]

Re: Economy and Finance (none / 0)

I noticed that too.

I wonder how the audit bill is doing.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Mar 16th, 2010 at 10:03:31 AM EST
[ Parent ]

Re: Economy and Finance (none / 0)

Noting how the Catholic church seems to pass off the repeated manifestations of priestly kiddy-fiddling as "a couple of bad apples, nothing institutional whatsoever, move along", I'm sure that we'll find that there were no systemic problems whatsoever, but it was just " a couple of bad apples".

Over and over again.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Mar 16th, 2010 at 11:00:51 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 16 March | 118 comments (118 topical, 0 editorial, 0 hidden)

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