The Lehman Report: Is It Time for a Special Prosecutor?

After a slow start, commentators and media outlets are finally cottoning onto the implications of a devastating new report on the collapse of Lehman Brothers. Andrew Ross Sorkin, my fellow chronicler of the financial crisis and frequent co-panelist, has a good column in today's Times which takes to task the regulators who ignored, or possibly even condoned, the accounting shenanigans that Lehman was getting up to during its final months. Meanwhile, Eliot Spitzer and Bill Black, two lawyers...