1. The bank to big to fail
THE LEHMAN BROTHERS SCANDAL

2. COMPANIES INVOLVED
• Lehman Brothers Holdings Inc.

3. THE ALLEGATIONS
• Moved $50 billion to different accounts on their balance sheets
• Balance sheet manipulation
• Employees not doing their jobs

4. WHO WAS INVOLVED?
• Ernst & Young- Audit firm
• Timothy Geithner- Didn’t save Lehman
• Geoffrey Feldkamp- Lehman executive
•
• Anton R. Valukas- Independent who found everything out

5. RESULT OR LATEST DEVELOPMENT
• Money being borrowed that couldn’t be repaid
• Lenders should have known
• Investors betting against themselves
• Everyone was watching and waiting
• Contributed to the depression
• Today trying to pay it back

6. WHY IS THIS ALLEGATION CONSIDERED WRONG?
• Average people didn’t know
• Powerful profited
• People thought money was being made
• They kept investing
• Repo 105

7. EFFECTS ON BUSINESS
• How pay attention to these things
• Shows corruption
• Other banks have grown
• Protective laws placed
• Awareness
• Last survivable collapse

8. ADDITIONAL INFORMATION
• Moved $50 billion to short term loans
• At the end of the quarter
• 32 stories down to 2
• Repaying off holders

9. INFORMATION SOURCES
• "Lehman Brothers, We Heard You Were Dead - NYTimes.com." 2012. 10 Dec. 2012
http://www.nytimes.com/2012/09/16/magazine/lehman-brothers-we-heard-you-were-
dead.html?pagewanted=all
• "Lehman Brothers, We Heard You Were Dead - NYTimes.com." 2012. 10 Dec. 2012
http://www.nytimes.com/2012/09/16/magazine/lehman-brothers-we-heard-you-were-
dead.html?pagewanted=all
• "Lehman Brothers' 'Repo 105' Accounting Scandal." 2010. 11 Dec. 2012
http://www.wealthdaily.com/articles/lehman-brothers-enron-accounting-gimmicks/2375
• "Lehman Brothers Scandal Rocks the Fed » Counterpunch: Tells the ..." 2011. 11 Dec.
2012 http://www.counterpunch.org/2010/03/15/lehman-brothers-scandal-rocks-the-fed/
• "Lehman Brothers Scandal Rocks the Fed » Counterpunch: Tells the ..." 2011. 11 Dec.
2012 <http://www.counterpunch.org/2010/03/15/lehman-brothers-scandal-rocks-the-fed/>

10. PICTURE SOURCES
• http://www.google.com/imgres?q=lehman+brothers&num=10&hl=en&tbo=d&biw=836&bih=903&tbm=isch&tbnid=VMLYRZYxmxiArM:&imgrefurl=http://abcnews.go.c
om/topics/business/companies/lehman-brothers-holdings.htm%3Fmediatype%3DImage&docid=0G6Ks-jvzUV-
dM&imgurl=http://abcnews.go.com/images/Business/Lehman_building_080317_mn.jpg&w=320&h=240&ei=dzDGUO7lCYSy0AGDwICgCg&zoom=1&iact=hc&vpx=4
&vpy=269&dur=459&hovh=192&hovw=256&tx=53&ty=99&sig=111315001102527574855&page=1&tbnh=141&tbnw=192&start=0&ndsp=21&ved=1t:429, r:5,s:0,i:167
• http://www.google.com/imgres?q=lehman+brothers+business&hl=en&tbo=d&biw=836&bih=903&tbm=isch&tbnid=7p0tPO3YdQ1adM:&imgrefurl=http://www.thfire.co
m/date/2010/09&docid=qCN3wQSP8e4rgM&imgurl=http://www.thfire.com/wp-content/uploads/2010/09/lehman-brothers-
artwork.jpg&w=610&h=407&ei=4DDGUOC1NOfO0QHqsYHoCg&zoom=1&iact=hc&vpx=4&vpy=264&dur=261&hovh=183&hovw=275&tx=120&ty=134&sig=1113150
01102527574855&page=1&tbnh=159&tbnw=265&start=0&ndsp=20&ved=1t:429,r:4,s:0,i:95
• http://www.google.com/imgres?q=lehman+brothers+latest+news&num=10&hl=en&tbo=d&biw=836&bih=903&tbm=isch&tbnid=9-
5vZhVm8yN_zM:&imgrefurl=http://pokerknave.com/tag/betting/&docid=Ggt1lEGxOp4VsM&imgurl=http://pokerknave.com/files/2012/07/Lehman-Brothers-US-
investment-bank.jpg&w=2348&h=2527&ei=0jHGUPDbOMeF0QGI2YBo&zoom=1
• http://www.google.com/imgres?q=lehman+brothers+logo&hl=en&tbo=d&biw=856&bih=883&tbm=isch&tbnid=JyksTyIt2EjwAM:&imgrefurl=http://visitbulgaria.info/leh
man-brothers-britain-placed-
administration&docid=J4BR7MgrBKi77M&imgurl=http://visitbulgaria.info/files/Logo_LehmanBrothers%255B1%255D.gif&w=278&h=179&ei=u3nHUN-
RGarO0QGttIGIDw&zoom=1&iact=hc&vpx=168&vpy=198&dur=113&hovh=143&hovw=222&tx=66&ty=78&sig=111315001102527574855&page=1&tbnh=143&tbnw=
216&start=0&ndsp=24&ved=1t:429,r:1,s:0,i:113
• http://www.google.com/imgres?q=timothy+geithner&num=10&hl=en&tbo=d&biw=1024&bih=883&tbm=isch&tbnid=wg5aNJD8qX2guM:&imgrefurl=http://en.wikipedia.
org/wiki/Timothy_Geithner&docid=AAvzP-
M5zAXdCM&imgurl=http://upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Timothy_Geithner_official_portrait.jpg/220px-
Timothy_Geithner_official_portrait.jpg&w=220&h=308&ei=Q8bIUPurING-
0QGHgoGoCg&zoom=1&iact=hc&vpx=4&vpy=146&dur=296&hovh=246&hovw=176&tx=121&ty=239&sig=111315001102527574855&page=1&tbnh=158&tbnw=111&
start=0&ndsp=26&ved=1t:429,r:0,s:0,i:152
• http://www.google.com/imgres?q=anton+r+valukas&num=10&hl=en&tbo=d&biw=1024&bih=883&tbm=isch&tbnid=E7nOm80h9WjkaM:&imgrefurl=http://jenner.com/p
eople/AntonValukas&docid=i4rP5QPvnF7a3M&imgurl=http://jenner.com/system/assets/people/113/profile/Valukas_Anton_COLOR.jpg%253F1311782032&w=265&
h=265&ei=0MbIULvYDamp0AHW9IGQCg&zoom=1&iact=hc&vpx=4&vpy=119&dur=218&hovh=212&hovw=212&tx=75&ty=109&sig=111315001102527574855&sqi=
2&page=1&tbnh=142&tbnw=139&start=0&ndsp=34&ved=1t:429,r:0,s:0,i:83