Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on TwitterBe a Facebook FanTumble us!
 

Posted on March 12, 2010 | tags

 
 

Biz: Lehman Brothers’ poison of choice named Repo 105

  • Among the toxins discovered was something called Repo 105. … Even if Repo 105 wasn’t lethal it was certainly poisonous.
  • Reuters columnist Antony Currie • Regarding the accounting trick that seems to have done in Lehman Brothers, among other things. An autopsy of the company’s corpse suggests that many of the top leaders – including CEO Richard Fuld – were responsible for a culture of ineptitude that allowed the company to fall apart, especially in its last year. Need a face for the financial crisis? Here’s a good one. source
 
More in Biz (722 of 1767 articles)