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What Lehman Did

March 12, 2010
By
What Lehman Did

The long-awaited autopsy on Lehman Bros. is out. Big news: The bank hid liabilities off its balance sheet! Everyone is shocked, shocked. The amazing thing is the mundanity of Lehman’s methods: Repos. This was inside-the-box thinking even 10 years ago, when the bank apparently started using them. As the New York Times explains: Repos,...
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