McKenna Quoted In The New York Times

I’m quoted today in a great new piece by Louise Story and Eric Dash entitled, “Lehman Used ‘Alter Ego’ To Transfer Risks.”

“How can anyone — regulators, investors or anyone — understand what’s in these financial statements if they have to dig 15 layers deep to find these kinds of interlocking relationships and these kinds of transactions?” said Francine McKenna, an accounting consultant who has examined the financial crisis on her blog, re: The Auditors. “Everybody’s talking about preventing the next crisis, but they can’t prevent the next crisis if they don’t understand all these incestuous relationships.”

The rest of the story is here.

6 replies
  1. Edith Orenstein
    Edith Orenstein says:

    Congrats on the cite! it’s still relatively new territory for ‘mainstream’ or ‘traditional’ press to credit/link to vehicles that are blogs-only, and the fact that there is not only a cite, but also a hyperlink to your blog in the NYT article is great to see, bravo to the NYT and to your blog!

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