Repo 105: Creative accounting at Lehman Brothers | 55 comments (55 topical, editorial, 0 hidden)

Re: Creative accounting at Lehman Brothers (none / 0)

You (Migeru) could certainly figure out "CDOs, SIVs, balance sheet leverage, and credit default derivatives just as easily as the idiots who created and trade this shit."

LOL, I guess that's why I work in the Risk Division of a major international bank. (As you know, this means I'm a loser since winners all work as traders and make at least 6 figures)

The brainless should not be in banking -- Willem Buiter

by Carrie (migeru at eurotrib dot com) on Wed Mar 17th, 2010 at 02:31:07 PM EST
[ Parent ]

Re: Creative accounting at Lehman Brothers (4.00 / 3)

Those who have a conscience and a desire to maintain their integrity should really qualify for disability in our culture, and that disability should be paid even while you are working.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Mar 17th, 2010 at 03:22:37 PM EST
[ Parent ]

Re: Creative accounting at Lehman Brothers (4.00 / 3)

Those who have a conscience and a desire to maintain their integrity should qualify for a job as government regulators.

And you don't need to have them running around in Armani suits to make the industry they regulate treat them as first among equals. You just need to give them a really big stick and permission to make examples of a couple of putatively too big to fail businesses.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Mar 17th, 2010 at 04:56:34 PM EST
[ Parent ]

Repo 105: Creative accounting at Lehman Brothers | 55 comments (55 topical, 0 editorial, 0 hidden)

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