Examiner: Lehman croaked Lehman

Lehman Brothers signThe federal bankruptcy examiner’s report on the collapse of Lehman Brothers shows the 158-year-old firm died from multiple causes, including bad mortgage holdings and accounting gimmicks used to hide its mounting debt.  Law Professor Tamar Frankel, author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says if Lehman scammed stockholders and investors, they should pay.

“Corruption starts at the top and spreads downwards. The results of corrupt leadership should be years in prison and payment of the entire salaries and bonuses since the fraud started.”

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

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