Munger: Lehman’s Behavior Represented Worst of Wall Street
Berkshire Hathaway Vice Chairman Charlie Munger rarely gives interviews, and when he does investors are wise to listen carefully.  In the following CNBC interview with Becky Quick, Mr. Munger provides his general views regarding investment banking and says that Richard ...
The Feds Knew About Lehman’s Repo 105 Transactions
It is difficult to be shocked about new revelations stemming from the financial crisis, but today’s DealBook column by Andrew Ross Sorkin was a real revelation. S.E.C. examiners, working during the watch of Christopher Cox as S.E.C. commissioner, apparently saw ...
Was Lehman’s CEO Criminally Negligent or Merely Incompetent?
In a pattern that would be amusing if it was not so disturbing, we are again witnessing the spectacle of lawyers for a disgraced CEO who claim that their client was "unaware" of key risks that led to the downfall ...