Deconstructing the use of REPO 105 and Repo 108 Transactions Under SFAS 140: the Case of Lehman Brothers Holding Inc. and the Liability of Ernst & Young
Prior to filing for bankruptcy in 2008, Lehman Brothers Holding Inc., [LBHI] relied upon select repurchase agreements denominated “Repo 105” and “Repo 108” for the purpose of re-casting its balance sheet to meet net leverage ratios required by money markets. SFAS 140, as then existing without the 20...
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| Format: | Article |
| Language: | English |
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Academicus
2019-01-01
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| Series: | Academicus : International Scientific Journal |
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| Online Access: |
http://www.academicus.edu.al/nr19/Academicus-MMXIX-19-165-187.pdf
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