re: Lehman Watch Thread

FWIW the only reason their last F/S is marked unaudited is because it is a quarterly report and therefore a review, not a year end audit (see p 52 of f/s). It has no bearing on the accuracy of the information provided (insofar as the CPA is concerned). That being said, the disclosure for IBanks is....muddy (see here, here, here, and some blame game here), which is not helping matters from an investor standpoint.

ETA: And I am also in the camp that believes this company will not exist in current form in the relatively near future