Valukas Report On The Lehman Brothers Collapse

Lehman Brothers is back in the news in a big way after the report on the reasons for the investment bank's collapse in September 2008 submitted by Anton R. Valukas, the examiner appointed by the  US Bankruptcy Trustee, was released the other day. According to this website, the 2,200-page report took one year to prepare by a team of 70+ contract attorneys and cost $38 million.

There are quick summaries and detailed commentaries available from numerous financial news sites and blogs, if you don't particularly enjoy wading through a mean 9-volume report. Neither do I, but there's something about poring over the raw report and forming my own opinion therefrom that I find challenging, so I've started reading the Valukas report. I'll probably write something about my own take on this matter in a later post.

Now, for those of you who'd like to get a flavor of the original report, too, I've embedded below for your convenience the complete 9-volume report on Lehman Brothers' collapse which I found at Scribd.com. Here's a guide to the contents of each volume, to give you an overview of the report's coverage and help those who may want to skip sections and read selectively:

Volume 1- Sections I and II: Introduction, Executive Summary and Procedural Background 
               - Section III.A.1: Risk
Volume 2- Section III.A.2: Valuation
               - Section III.A.3: Survival
Volume 3- Section III.A.4: Repo 105
Volume 4- Section III.A.5: Secured Lenders
               - Section III.A.6: Government
Volume 5- Section III.B: Avoidance Actions
               - Section III.C: Barclays Transaction
Volume 6- Appendix 1
Volume 7- Appendices 2 - 7
Volume 8- Appendices 8 - 22
Volume 9- Appendices 23 - 34
Lehman Brothers Examiners Report COMBINED