Author Archives: Thomas Guy

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 SECContinue reading “The Lehman Postmortem: Zerohedge Breaks it Off”