Making Unique Observations in a Very Cluttered World

Sunday, 14 March 2010

Lehman’s “materially misleading” accounting - "They cooked the books" -

Reading - 2,200 page investigative-report detailing Lehman’s “materially misleading” accounting - "They cooked the books" -

If this doesn’t convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don’t know what will.

Keep in mind, that Geithner ran Lehman through 3 “stress tests” prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas–the examiner who wrote the 2,200 page investigative-report which was released on Thursday– has provided plenty of information detailing Lehman’s “materially misleading” accounting and “actionable balance sheet manipulation.”

In other words, they cooked the books.

Read more -http://www.informationclearinghouse.info/article24980.htm