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Lehman Brothers evidence

Lehman Brothers evidence

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Published by The Guardian
Filings from the US bankruptcy court investigate the reasons behind the collapse of Lehman Brothers
Filings from the US bankruptcy court investigate the reasons behind the collapse of Lehman Brothers

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Published by: The Guardian on Mar 16, 2010
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10/31/2012

Lehman also failed to apply its balance sheet limits in late 2007.  Application of

these limits would also have restricted Lehman’s risk‐taking.  Instead, Lehman

dramatically increased the size of its balance sheet, and used increasingly large volumes

of Repo 105 transactions to create the appearance that the firm’s net leverage ratio

remained within a reasonable range of such ratios established by the rating agencies.660

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