Lehman Brothers Financial SA (LEHNQ)

[dnello]

Got to love the Note 1 disclaimer.

Any time a firm puts out financials and states that numbers are not audited nor prepared according to GAAP it is prudent to assume that there is a serious problem with the numbers and one should put much faith in them.

Given the size of Lehman and being in BK I do not know why this reporting decision was made as even the smallest of companies that have an accounting firm prepare reviewed or stated financials prepare their financials according to GAAP.