The Case Against Lehman Brothers - The Credibility Trap

This documents the investigation into Repo 105 and the fraudulent transfers between New York and London, and when the accounting firm of Ernst & Young knew of them. The SEC and the Federal Reserve were there at the company, with access to the records, when all this happened.

And of course, there have been no indictments. And the reason may be that the SEC and the Fed, in their desire to