Interesting article and short movie about Lehman Bros

Found this article about the interrogation of Dick Fuld (CEO of Lehman Bros) - and here is another one. Apparently, he and his management team did not have a clue about what they had on their balance sheet. Very weird - but it brought them down. Here is the video link to the testimony on Youtube.com. Very view-worthy!

In the short movie, David Weidner has some very interesting points and pointers that could be applied to the Scandinavian markets. Look at this article as well..

Lehman also seemed to value some of their assets at 100 %, when their competitors valued the same asset to 65 % of the face value. Talk about raping your balance sheet. Very weird, and interesting.