Value Investing News

A walk through of how Lehman used repo accounting to. This post including sample balance sheets and clear explains the difference between financing and sale accounting with and without debt repurchases. A must read for anyone wanting to understand what happened and how easily leverage can (and is) hidden.

• http://myinvestingnotebook.blogspot.com/2010/03/how-did-lehman-brothers-reduce-its.html (120)