Ian Fraser: Something Sinister About the Lack of Prosecutions at Lehman Brothers

Ian Fraser: Something Sinister About the Lack of Prosecutions at Lehman Brothers.

The whole thing is sinister and astonishing in equal measure. The reason that no director of Lehman Brothers has been brought to book would appear to be that US financial regulator the Securities & Exchange Commission, which had a dedicated team inside Lehmans’ headquarters at 745 Seventh Avenue prior to the uber-leveraged bank’s collapse, knew all this chicanery was going on, and must therefore have given it the nod at the time.

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