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  1. 04-19-2010, 10:43 PM #1
    AirborneSapper7
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    Lehman CEO's "Sergeant Schultz Defense" of Repo 10

    Monday, April 19, 2010

    Lehman CEO's "Sergeant Schultz Defense" of Repo 105

    Inquiring minds are interested in Lehman CEO Dick Fuld's defense of Repo 105. Please consider Fuld Says Lehman Used Repo 105s to Satisfy Accounting Mandates. http://www.bloomberg.com/apps/news?pid= ... 5RuQ&pos=3

    Richard Fuld, the former chief executive officer of defunct Lehman Brothers Holdings Inc., said the Wall Street firm reported certain repo transactions as sales because accounting rules required it to do so.

    “Lehman should not be criticized for complying with the applicable accounting standards,â€
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  2. 04-19-2010, 10:45 PM #2
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    SEC: See no Evil; Hear no Evil; Speak no Evil
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