“They certainly didn’t support it. On the Repo 105 issue, they knew about it; they did not appear to know that the number was so large.”
~ Matthew Lee, the Lehman Brothers whistleblower, in testimony today.
Related Posts
Quote of the Day: Did the Ernst & Young Webcast Mention This? | 03.19.10
“I believe the manner in which the Firm is reporting these assets is potentially misleading to the public and various governmental agencies.”
~ Matthew Lee, former Lehman Brothers Senior VP in charge of consolidated and unconsolidated balance sheets, in a letter to certain LEH executives. He was fired.
Off-Balance Sheet Accounting 2.0
“They will help investors to better understand off-balance sheet risks, and to alert them to the possibility of so-called window dressing transactions occurring at the end of a reporting period.”
~ Sir David Tweedie talking up the new rules that were published by the IASB today.
Notorious Liar Most Likely Telling Another Lie About His Finances
“Frankly, the people don’t care. My finances are very clean.” — President Trump, when asked […]