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HomeBrad Hintz Reviews Lehman’s Cooking
Posted by Larry Doyle on March 12th, 2010 12:00 PM |
Brad Hintz is currently an analyst at Sanford C. Bernstein, a division of Alliance Capital Management. In the 1990s, Hintz served as CFO of Lehman Bros.. As such, Hintz is well positioned to comment on the ‘cooking’ that occurred at Lehman in the midst of the economic crisis which led to Lehman’s filing bankruptcy.
How does Hintz define Lehman’s accounting? In a word, “shenanigans.”
Take a look at a brief Bloomberg video clip to get an insider’s view of the Lehman kitchen:
In the spirit of full disclosure, while looking for background material on Mr. Hintz himself, I unearthed the fact that Mr.Hintz was sanctioned by the NASD (now FINRA) for selling his own personal positions in stocks (Lehman and Morgan Stanley) while continuing to recommend them. (more…)
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