Friday, September 19, 2008

40 to 1 leverage ratios like whoa!




I looked up Lehmans 10K for 2008 in the SEC Edgar database and found this snippet of hillarity....

Check this out... I originally found this via Boingboing.net lol according to this there were 5 firms that the SEC allowed to break the 12 to 1 lever ratio rules... Lehman Bros, Goldman Sachs, Morgan Stanley, Bear Stearns, and Merrill Lynch..... can i get a 40 to 1 leverage ratio?

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