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2,200 Page Report Detailing Lehman's Collapse To Be Made Public Shortly
The 2,200 page report prepared by examiner Anton Valukas detailing the collapse of Lehman Brothers, will be declassified, as, according to wifebeater Judge Peck, it reads like a "bestseller", and is "one of the most extraordinary pieces of work product I have ever encountered." Now, for the first time, we will get an objective analysis into Dick Fuld's allegations that short sellers were responsible for the death of his firm, and just how it is that Barclays managed to (metaphorically) steal the perfectly solvent North American brokerage division for pennies on the dollar (with the Judge's blessing in the first place).
Valukas said in court he expected the report The 2,200
We will bring to you this monstrosity as soon as it is released, as we are confident it will be a far more enthralling read that most of the books discussing the financial crisis written to date.
would be made publicly available within the next few hours, and before
the close of business.
page report was filed under seal with the court in February, and has
been withheld from public view because the examiner obtained much of
the information subject to confidentiality agreements.
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More bear p0rn I'm sure. But it doesn't change the fact that anyone crazy enough to short this tape has been experiencing a rectum realignment in the past year. So - fine - I'll read it - but I doubt there will be any investigations of substance resulting in indictments and/or arrests.
Will it tell the truth... or the "truth"?
Will there be a Kindle edition?
when I was a federal employee, we all used barclays to manage our retirement fund (TSP Thrift Savings Plan). http://www.tsp.gov/
A nine-volume report ??... The Valukas version sounds like one of Ron Hubbard's science fiction novels.
Lehman failed because it was unable to retain the confidence of its lenders and counterparties and because it did not have sufficient liquidity to meet its current obligations. Lehman was unable to maintain confidence because a series of business decisions had left it with heavy concentrations of illiquid assets with deteriorating values such as residential and commercial real estate.
Confidence was further eroded when it became public that attempts to form strategic partnerships to bolster its stability had failed. And confidence plummeted on two consecutive quarters with huge reported losses, $2.8 billion in second quarter 2008 and $3.9 billion in third quarter 2008,without news of any definitive survival plan. "
-Executive Summary Examine's Report
yum yum... seems the WE will be studious
For the younger generation, i.e., the reading impaired, the Federales have kindly provided a video version ...
http://www.youtube.com/watch?v=sCMXUP2Rm18
here's the link, you can read this right after the health care bill
http://lehmanreport.jenner.com/
does it start with Revelation 23:1?
A lot of really smart people think that another important report needs some explaining.
http://www.ae911truth.org/flashmov11.htm
we are the great satan... bleed for the beast
this report fills in the part where we have, for months, said, lehman failed because of.........many will speculate again, i however, choose to learn. This report changes everything. kudos.
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