Lehman's balance sheet shenanigans, however, may only be the tip of the iceberg.
The prosecutions won't be easy, Kaufman said. "[Lehman is] very complex. They clean up after themselves very well, and they hire the very best attorneys. But we are going to do it." He added that $175 million has been set aside to fund SEC/FBI investigations and to go after Wall Street.
"You read about what went on, and you just shake your head," he said. "If it isn't fraud, it should be fraud."
Here's more from Sen. Kaufman:
"There cannot be two laws in the land, especially in an area that cost the American people so incredibly much, by having almost another Great Depression.
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