The Lehman Postmortem: Zerohedge Breaks it Off

FFFFFFFFFFUUUUUUUUUUUUUUUU

Zerohedge is carrying Tyler Durden’s (the Brad Pitt character in Fight Club) remarkable analysis of the Lehman Examiner Bankruptcy Report. Some of the highlights of his summary include:

  • Lehman accountants falsified its ledgers in ways similar to Enronesque “Mark to Market” methodology.
  • In addition to looking the other way with Madoff Securities, the SEC turned a blind eye to Lehman’s shenanigans.
  • Taking risky positions in speculation on junk “leveraged buyout loan positions.”
  • And thanks to the corporate veil, and compliant mainstream news media, the heat is off.

So, to recap, FFFFFFFFFFUUUUUUUUUUUUUUUU

Presenting The Lehman Bankruptcy Examiner Report | zero hedge.

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Tom Cornyn

I'm just a regular guy. I eat tires.

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