Give bankers of any ilk and they will take a mile

http://www.ft.com/cms/s/0/2e412d50-2d6e-11df-a262-00144feabdc0.html

The 2,200-page report by Anton Valukas, appointed by a US court to probe the reasons for Lehman’s failure in September 2008, paints a damning picture of the bank’s top management, including former chief executive Dick Fuld, three of its chief financial officers and auditors Ernst & Young.

Mr Valukas found that Lehman had to structure these deals through its UK subsidiary because it could not find a US law firm to give a legal opinion on them.

Lehman used UK-based Linklaters instead. Linklaters on Friday said it had not been contacted by Mr Valukas, adding it had reviewed its opinions and was “not aware of any facts or circumstances which would justify any criticism”.

Lehman’s counterparties on the repo trades included Barclays, UBS, Mizuho, Mitsubishi, ABN Amro (now Royal Bank of Scotland) and KBC. They declined to comment or could not be reached.

whats a little balance sheet between friends

balance shit?

uh oh...

a vulgarity?

Hey what is with the little shriveled gray guy? Do I really want to unhide it? Seems like we should leave the gray shriveled nasties ignored.

But don't we have an infinite supply of ilk?

yep...always plenty of ilk. but never enough for riversider and her friends.

What? Your comment is all small and gray, I can't see anything.