Assets were transferred fromthe United States subsidiary to the British subsidiary,...
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Assets were transferred from
the United States subsidiary to the British subsidiary, engaging in repo
transactions there where the repos could then
be considered as sales rather than simply loans, as
they were in the United States
the United States subsidiary to the British subsidiary, engaging in repo
transactions there where the repos could then
be considered as sales rather than simply loans, as
they were in the United States
Full Transcript
00:00:01.000 --> 00:00:04.664
Assets were transferred from
the United States subsidiary
00:00:04.754 --> 00:00:06.461
to the British subsidiary,
00:00:07.009 --> 00:00:09.377
engaging in repo
transactions there
00:00:09.467 --> 00:00:12.631
where the repos could then
be considered as sales
00:00:12.072 --> 00:00:15.713
rather than simply loans, as
they were in the United States.
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Movie Summary
Inside Lehman Brothers is the autopsy of a crime by those who tried to prevent it from within. Mortgage brokers from California and a handful of New York executives called out these fraudulent transactions. But nobody listened.
