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The 2,200 pages report a serious lapse by top executives
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and details the accounting gimmick used by Lehman
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including the use of something they call the repo 105
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to move about $50 billion in debt off of the books.
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They say the company withheld information.
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They further outlined an auditor failure, saying that
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Ernst & Young basically was performing...
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- Excuse me. - Yes?
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- I'm Mackenzie McHale. - How can I help you?
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I'm supposed to be meeting with Will.
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Oh, my God! I'm sorry.
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- You're Mackenzie. - I am. And you are?