Lehman's Demise and Repo 105: No Accounting for Deception - Knowledge@Wharton

A great article from Knowledge@Wharton:Lehman's Demise and Repo 105: No Accounting for Deception - Knowledge@Wharton: "Among the report's most disturbing revelations, according to Wharton finance professor Richard J. Herring, is the picture of Lehman's accountants at Ernst & Young. 'Their main role was to help the firm misrepresent its actual position to the public,' Herring says, noting that