Description: Almost two years ago to the day, a team of officials from the Securities and Exchange Commission and the Federal Reserve Bank of New York quietly moved into the headquarters of Lehman Brothers. They were provided desks, phones, computers — and access to all of Lehman’s books and records. At any given moment, there were as many as a dozen government officials buzzing around Lehman’s offices.

Source: NYTimes.com

Date: 03/15/2010

Link: http://www.nytimes.com/2010/03/16/business/16sorkin.html

Questions for discussion:

• Summarize the explanation given for the concern over the way Lehman Brothers was being managed.
• Do you consider any behaviors unethical or illegal?
• Do you hold the SEC responsible for anything?