Eagle-eyed Adrian Reynolds has alerted me to this rare piece of good news in the Battle Between Good and Evil…
In a nutshell, a bankruptcy examiner has concluded that Lehman Brothers may (MAY – it’s not yet proved as these things have to be) have been engaged in dodgy accounting practices in the weeks before their collapse. This is hardly news…but the good part is that the principle of Financial Sector White Collar Crime is Still Crime is being asserted here. No one’s arguing that Lehman Brothers can’t be prosecuted because they’re ‘too big to fail’. (They already HAVE failed.)
No one is above the law in other words.
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