good for monday

Report on the insolvency of Lehman
With Balance Tricks into bankruptcy

The U.S. investment bank Lehman Brothers was already months before its bankruptcy on wobbly legs. With accounting tricks disguised the Wall Street Institute's problems and thus led investors, counterparties and regulators are misleading. This is the conclusion a 2200-page investigation report, released by the competent insolvency court now.

The specially appointed investigator Anton Valukas concludes that the investment banker with skillful postings some of the risks could disappear from the books. Outwardly, presented itself to Lehman Brothers as a healthy institution.


Especially as responsible Valukas calls the former Lehman CEO Richard Fuld and three finance directors. The expert did not comment on the legality of their actions, but estimates that it could lead to prosecution. Valukas also allegations against the accounting firm Ernst & Young, which has "failed, among other things, to question the dirty or inappropriate information in the financial reports to".

Norton was disappointed with it !!!!!!!!!!!!!!!!