Lehmen Brihers: Can Someone Explain This PLEASE!!

[mkemse]

thanks

[MMI]

I can't believe his advisers hadn't told him sooner.

[mkemse]

I can't believe his advisers hadn't told him sooner.

Thank you, just my point, if he did not know surely his advisors did, if they did not know, they are not earninig their salalries, and if they did know they had a obligation to tell him

[Logic1]

Thank you, just my point, if he did not know surely his advisors did, if they did not know, they are not earninig their salalries, and if they did know they had a obligation to tell him

but if Fannie May and the rest had "good" accountants then they can write down pretty much anything in the books to "keep" the result and therefore not showing the Federal Government or whatever what is really happening. It is not like they want the world to know how shakey their customers funds really are right!?

I am not defending anything cause it is horrible for the entire world sadly but that is what loads of companies are doing right now and probably will be doing of legislation isnt changed.