Is perception reality? A balance sheet or a SEC filing snapshot says it is.
AuditAnalytics.com data shows that the Securities and Exchange Commission had some of the keys it needed to prevent the collapse of Lehman Brothers. Since 2004, the SEC has questioned 115 repurchase agreement ("repo") transactions by 102 companies, an analysis of 115,000 SEC filings shows. That's a 1% incident rate, which is high.