Friday, March 19, 2010

The Repo Man

The catch phrase over the past two weeks has been "Repo 105," which is the accounting fraud Lehman used to cook their books during every quarterly earnings period. (And we are now finding out more of the big banks were/are using it as well)

The following video provides a simple explanation on what this Repo 105 actually is:

Repo 105 from Marketplace on Vimeo.

No comments:

Post a Comment