Richard Posner Explains SEC Refusal to Act in Lehman Brothers Case

By: Monday September 9, 2013 4:00 pm

Judge Richard Posner says that criminal law is for the little guy. The SEC agrees. The Department of Justice agrees. Barack Obama agrees. Larry Summers agrees. Who are we to criticize?


SEC Ends Probe Into Lehman Brothers Without Taking Action

By: Friday May 25, 2012 7:32 am

The Securities and Exchange Commission has ended their probe of Lehman Brothers without making any enforcement actions. It’s only the latest in a series of investigations that have either turned up empty or resulted in what amounts to a slap on the wrist.

Repo 105: It’s Nothing, Really Nothing

By: Thursday September 23, 2010 4:00 pm

Repo 105? What’s that? It’s immaterial, and besides, Ernst & Young says it’s great. And we told you we were screwing around with our balance sheet. So go away, silly investor. We took your money fair and square.

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