Lehman Brothers reported better than expected earnings today, even with the credit crunch swirling around. Fortune columnist Peter Eavis writes an interesting article that asks whether Lehman was being totally honest in its accounting. Lehmans's CFO Christopher O'Meara said that hedging activity helped to offset losses. But he was vague on the source of this hedging activity and where the gains came from.

Lehman stockholders may still want to be weary. T

 

Submitted: Sep 18, 2007    Views: 199    Comments: 0    Likes: 1   


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