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Let Lehman Fail

Mr. Einhorn, fresh from his latest round of television appearances, said he was not out to tell Lehman Brothers how to fix its problems. He questioned how the company valued the assets on its books, and whether it was disclosing all the risks it faces.
How right Einhorn was! Lehman certainly didn't book its assets the way it knew they should have been valued. Let Lehman fail as it failed its investors, employees and business partners.

Let Lehman Fail

David Einhorn right again! The first to come forward with facts about Lehman and how they booked their results.