SEC Decided It Didn’t Have The Authority To Charge Lehman

The Securities and Exchange Commission (SEC) decided not to explain why it didn’t file charges against anyone at Lehman Brothers, because it was afraid the public would find its report too sympathetic to the firm, writes Steve Goldstein on his MarketWatch blog. Lehman Brothers’ statute of limitations Lehman Brothers unraveled in 2008, so the five year statute of limitations on anything illegal that may have happened is coming up, prompting a New York Times report as well as Goldstein’s blog post. The decision not to charge Lehman CEO Richard Fuld seems to have been made  by then-head of the SEC’s New…