Merrill Lynch mystery in Lehman saga
Back in June 16, 2008, Lehman Brothers published a detailed, and deceptive, financial appendix breaking down its balance sheet by various asset groups in the form of an Excel spreadsheet. As Forbes notes, the provenance of the spreadsheet was Merrill Lynch, but there's no explanation for why Merrill Lynch would originate it. Was it advising Lehman for a while? Article
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