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you said. and the lehman president, joe gregory, was a master at disguising just how machiavellian what he was and going on at lehman. so i think in fairness to dick fuld he wasn t the only person blinded as to also all sorts of human resource maneuverings and things happening, the leverage being taken. joe gregory fooled him and fooled a whole lot of are people too. did you get the sense, or maybe you know this in the book, that hiding risk yeah. with the repos on the 105s was a business model. basically take on as much risk as you can, take your garbage, hide it when it is necessary and take more risk? yes. that s fraud! in my book. it was a way of life at lehman and not just the story starts back in the 1970s when the traders would hide their

Joe gregoryPat lehmanDick aermearmeyHe wasn tHuman resource maneuveringsThe devils kasinoHiding riskBusiness model