How Lehman Brothers Cheated While U.S. Regulators Looked the Other Way

60 Minutes: The Case Against Lehman Brothers

Steve Kroft, on CBS’s 60 Minutes last Sunday, examines (1) how the Lehman Brothers fudged numbers, evaded detection and slipped into bankruptcy, helping trigger a worldwide financial collapse, (2) how their accounting firm Ernst & Young assisted them, and (3) how government regulators (the SEC), working inside the Lehman Brothers’ offices as this was going on, ignored the company’s malfeasance, and to this day has allowed them to get away with their monumental crimes.

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