theyTOLDyou | Report: Lehman Brothers used illegal accounting trick to hide debt @theyTOLDyou | Uploaded March 2010 | Updated October 2024, 1 hour ago.
theytoldyou.com/4540/Report-Lehman-Brothers-used-illegal-accounting-trick-to-hide-debt
MSNBC's Dylan Ratigan talks with former New York Gov. Eliot Spitzer about the release of a 2,200 page report laying out a potential criminal case against Lehman Brothers, whose collapse led to a major financial meltdown.
Lehman's allegedly used transactions called "repo transactions", which works basicaly the same as a pawn shop transaction, and catagorized the transactions as a sale rather than as a loan to hide their debts.
theytoldyou.com/4540/Report-Lehman-Brothers-used-illegal-accounting-trick-to-hide-debt
MSNBC's Dylan Ratigan talks with former New York Gov. Eliot Spitzer about the release of a 2,200 page report laying out a potential criminal case against Lehman Brothers, whose collapse led to a major financial meltdown.
Lehman's allegedly used transactions called "repo transactions", which works basicaly the same as a pawn shop transaction, and catagorized the transactions as a sale rather than as a loan to hide their debts.
