Accounting gimmicks moved liabilities off the balance sheet while CPAs Ernest and Young approved statements By Ryan McCarthy, Huffington Post Lehman Bankruptcy: ‘Repo 105,’ Firm’s ‘Accounting Gimmick,’ Was Like ‘A Drug,’ Emails Show The arcane “accounting gimmick” employed by Lehman Brothers as the firm failed in 2007 and 2008, was like “a drug” propelling the […]