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: Eye on the BailoutLehman Brothers Autopsy: Repo 105, and Why Auditors Have Some Explaining to Do
By ProPublica
If you haven’t already watched it, Marketplace has a great video explaining Repo 105, a shady accounting maneuver through which Lehman Brothers hid its financial troubles for so long before finally filing in 2008 for the largest bankruptcy in U.S history.
Repo 105 from Marketplace on Vimeo.
As business reporters sniff through Anton Valukas’ 2,200-page “coroner’s report” on Lehman, here’s a look at all the people who’ve denied they knew anything about the “Repo 105” scam.
Full post as published by Eye on the Bailout on March 16, 2010 (boomark / email).
Lehman Brothers
allegedly breached ERISA duties for employee savings plan participants.
Video Taping Arrest
Harris County pays wrongfully arrested brothers $1.7 million civil rights settlement.
Cipro
The FDA is seeking to add black box warnings of the risk of tendon rupture associated with Cipro and Levaquin.
The ruptures can involve Achilles tendon, shoulder, hand, bicep or thumb tendons, and is especially increased in patients older than 60, or people who have received kidney, heart or lung transplants, as well as people on steroid therapy...
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