Graphic: How “Repo 105″ worked

March 12, 2010

A look at “Repo 105,” a series of transactions that Lehman Brothers is alleged to have used to make its balance sheet appear stronger.

- Text: Dan Wilchins, llustration: Silvio DaSilva

2 comments so far | RSS Comments RSS

Just another example of “smoke and mirrors” economy. No wonder the world markets are in the quandry that they are…See what your MBA can get you into!!! What ever happened to good old fashioned business sense and hard work to make a buck?

Posted by Pulpmillguy | Report as abusive

My gut feeling is that this looks like good old fraud, or breach of trust if you want, and not ‘smoke and mirrors’. The basic notions of good faith and proper disclosure are missing here.
I can already see Cuomo and his team filing charges.

Posted by yr2009 | Report as abusive

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