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Repo 105 was no accounting gimmick: Fuld

Lehman Brothers former chief defends repo-transactions

Publication date: 20 April 2010

Dick Fuld has claimed ignorance of so-called “accounting gimmicks” in a staunch defense of his stewardship of collapsed US bank Lehman Brothers.

Dick Fuld has claimed ignorance of so-called “accounting gimmicks” (Repo 105) in a staunch defense of his stewardship of collapsed US bank Lehman Brothers.