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 ...
A Modest Proposal for Audit Reform
Attempting to understand the sequence of events that led to the downfall of Lehman Brothers is normally a mind numbing process, but occasionally an obvious outrage is discovered such as Lehman's use of "Repo 105" transactions. While we have not ...
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 ...
Too Big to Fail by Andrew Ross Sorkin
Most outside observers had difficulty keeping up with all of the momentous events of the weekend of September 14-15, 2008 with all of the twists and turns that finally led to Lehman Brothers' historic bankruptcy filing, Bank of America's purchase ...