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Forum Post: Ernest & Young Should Wear the Scarlet Letter

Posted 2 years ago on Feb. 16, 2012, 2:12 a.m. EST by infonomics (393)
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For the most part the auditors have gone unnoticed, but they too should wear the Scarlet Letter:

  • E&Y issues a clean Review opinion of Lehman on 7-10-2008

  • Lehman files for bankruptcy on 9-15-2008

http://www.scribd.com/doc/78608877/Ernest-Young-Opinion-of-Lehman-Brothers-Dated-July-10-2008

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[-] 1 points by beautifulworld (20505) 2 years ago

Very good point. We almost never hear about the auditors who spent hours and hours at these firms supposedly "examining" their finances. What a joke. Cahoots, perhaps?