Understanding Repo 105: Lehman's Accounting Loophole Exposed

Learn how Repo 105 allowed Lehman Brothers to hide debt during the financial crisis, what this accounting tactic involved, and how it prompted regulatory changes.
Reuters

Former Lehman exec says flagged Repo 105, was fired

WASHINGTON (Reuters) - A former executive at Lehman Brothers said on Tuesday that he was suddenly fired in 2008 after raising concerns about the now-bankrupt firm's accounting practices, including ...
Asset Servicing Times

FASB to revise repo

FASB revised its standards for repo agreements in 2011 as a response to the use of ‘Repo 105’ transactions by Lehman Brothers, and now the board have decided to add a new agenda item after the ...
Reuters

Ex-Lehman execs seek dismissal of Repo 105 lawsuit

NEW YORK (Reuters) - Former Lehman Brothers Holdings Inc chief executive Richard Fuld asked a judge on Friday to toss out an investor lawsuit that accused him and other Lehman officials of failing to ...
The Atlantic

Happy Hour Vid: How Does Repo 105 Work?

Last week, a formerly obscure accounting trick called "Repo 105" surfaced into the mainstream following a bank examiner's report. The report revealed that Lehman Brothers was insolvent weeks before it ...