THE release of the 2,200-page Anton Valukas report dated March 12 wasn’t just an autopsy of Lehman Brothers – it unveiled a financial engineering exercise that was legally permissible, but ethically bankrupt.
The collapse of the 158-year-old investment bank in September 2008 was not only the world’s largest bankruptcy but also set off a devastating domino effect among leading financial institutions that morphed into a global crisis.
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