Why Did The Regulators Miss The Lehman Accounting Scandal? Andrew Ross Sorkin

Lehman Accounting Scandal: Why Did The Government Take So Long

And where was the government while all this "materially misleading" accounting was going on? In the vernacular of teenage instant messaging, let's just say they had a vantage point as good as POS (parent over shoulder).

The new mystery is why it took this long for anyone to raise a red flag.

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