What killed Lehman

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Failings by Lehman Brothers executives and its auditor led to the bank collapse that unleashed the worst of the financial crisis, according to a report by a court-appointed investigator.

Lehman “repeatedly exceeded its own internal risk limits and controls,” and a wide range of bad calls by its management led to the bank’s failure, says the report, authored by examiner Anton Valukas.

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