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April 21, 2010Lehman and SEC
The SEC is watching the big banks right now, to make sure there are no new shenanigans that match what Lehman did before the recent financial crisis, that brought them to ruin. Lehman was using a certain accounting trick, that the SEC is worried banks may continue trying, thus putting the recovery at risk. THe accounting technique is known as Repo 105, which allowed them to mask the major problems they were having with their business, up until the time it failed. According to financial experts, Lehman "was significantly and persistently in excess of its own risk limits, was aware of these excesses and simply acquiesced....the SEC is determined to become a more effective regulator," she told lawmakers. "We are determined to use the lessons of that experience to be more effective."
Posted at April 21, 2010 2:39 AM |
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Cameron Douglas Jail Rap
Lehman and SEC Pope Asleep News Nik Richie & Shayne Lamas Eloped! Rat Boyardee, Real or Hoax? (VIDEO) Grace Jones: Gaga? Ripoff! Celebrity Cheaters Reality Show Abercrombie and Fitch CEO: Flying No More Robert Gates Warns: Nuclear Trouble Medical Conmen: 21st Century Snake Oil, Stem Cell Style?
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Cameron Douglas Jail Rap ---------------------------------------- Lehman and SEC ---------------------------------------- Pope Asleep News ---------------------------------------- Nik Richie & Shayne Lamas Eloped! ---------------------------------------- Rat Boyardee, Real or Hoax? (VIDEO) ---------------------------------------- Grace Jones: Gaga? Ripoff! ---------------------------------------- Celebrity Cheaters Reality Show ---------------------------------------- Abercrombie and Fitch CEO: Flying No More ---------------------------------------- Robert Gates Warns: Nuclear Trouble ---------------------------------------- Medical Conmen: 21st Century Snake Oil, Stem Cell Style? ----------------------------------------
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