Lehman - US report highlights role of Ernst & Young

[He3]

My post was a response to those suggesting that the financial crisis was caused by failures in the auditing system. There are problems with auditors but I don't think they played any great role in what happened to the overall system.

Discussed here

FT.com / Companies / Financial Services - Lehman report casts auditors in poor light

The fate of Lehman's and that hidden $50bn shortfall - The Irish Times - Mon, Mar 15, 2010

[He3]

He3
If the government is to be believed,...

Hell of a big "if". Lehman's was the last 2 inches of a 20 storey fall. Fatal, but inevitable from, at the latest, mid-2007.

None of which is to say that E&Y don't have questions to answer re Anglo.

Yes, 'if' is a small word that carries a big payload.

[He3]

Editorial on this topic in Irish Times today will make uncomfortable reading for some.

[He3]

http://www.politics.ie/economy/12596...ml#post2530210

http://www.politics.ie/economy/12597...ml#post2530316

[Oldira1]

Where is the opposition on this? Have firms like E&Y friends in FG as well?

[He3]

Where is what Opposition?

I see no sign of any.