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