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Detailed text transcripts for TV channel - CNN - 20100312:14:13:00

Making bad decisions. christina, give us details on the report. a real scathing 2,200 pages from the bankruptcy examiner. essentially they found lehman demise was all the doing of lehman, its auditor and failure of regulators to catch these things. it includes a serious collapse by top executives, and accounting gym it s including the use of repo 105 to move the debt off the books, and the company withheld information. and the report found an auditor failure showing young was basically performing professional malpractice in the words of this report. and bottom line, the report found the conduct of lehman executives ranged from serious but nonculpable errors of business judgment to actionable balance sheet manipulation. it was eight months from the time this company, lehman brothers, was hitting record ....

Doing Of Lehman , Bankruptcy Examiner , Bottom Line , Auditor Failure , Business Judgment , Record Highs , Balance Sheet , Lehman Brothers ,

Detailed text transcripts for TV channel - CNN - 20100312:18:19:00

Malpractice is the actual quote from the accountant, and asleep regulators and the entire country, of course, paid the consequences. these are laundry list, withholding information, auditor failure, in particular looking at $50 billion last year of debt that was moved off into what s called the repo market so that it didn t look like lehman was as leveraged as it really was. also this report, brooke, i found was very interesting. it basically blames the investment banking model in this country, the way things have just evolved that these companies were allowed to take so much risk and have so much leverage, and also the fact the regulators, quite frankly, didn t didn t even get it. this is what they finally conclude. the conduct ranged from serious but nonculpable errors of business judgment nonculpable? ouch! to actionable nonculpable, to actionable balance sheet manipulation. huh. so, this story doesn t end here, that s for sure. now, what, let s say, the ....

Laundry List , Withholding Information , Auditor Failure , 50 Billion , 0 Billion , Brooke Baldwin , Repo Market , Investment Banking Model , Didnt Look Like Lehman , Didn T , Story Doesn T , Business Judgment , Balance Sheet ,