Sarbanes-Oxley was supposed to prevent crap like this:From the paper:Lehman employed off-balance sheet devices, known within Lehman as “Repo 105″ and “Repo 108″ transactions, to temporarily remove securities inventory from its balance sheet, usually for a period of seven to ten days, and to create a materially misleading picture of the firm’s financial condition in [...] continue reading the breaking news
Freitag, 12. März 2010
EXPLOSIVE: Lehman Corruption - Where Are The Cops?
Sarbanes-Oxley was supposed to prevent crap like this:From the paper:Lehman employed off-balance sheet devices, known within Lehman as “Repo 105″ and “Repo 108″ transactions, to temporarily remove securities inventory from its balance sheet, usually for a period of seven to ten days, and to create a materially misleading picture of the firm’s financial condition in [...] continue reading the breaking news
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