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MSNBC's Dylan Ratigan examines the parallels between the collapse of Lehman Brothers and the fall of Enron with former Governor of New York, Eliot Spitzer, "the Sheriff of Wall Street"
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Read Huffington Post Article Lehman Bankruptcy Report: Top Officials Manipulated Balance Sheets, JPMorgan And Citi Contributed To Collapse and scroll down to read the first part of the report at the end of the article:
The examiner in charge of investigating the collapse of venerable Wall Street investment house Lehman Brothers, the most expensive bankruptcy in U.S. history, said in a report publicly released Thursday that senior officials failed to disclose key practices, opening them up to legal claims, and that JPMorgan Chase and Citigroup contributed to the firm's collapse. In addition, the report concludes that the firm's auditor, Ernst & Young, failed to meet "professional standards."
