Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

Rectified by JPMC because for all the Flak JPMC received JPMC was really doing its job to protect its Customers, "Affiliates" and other Clients' interests when Lehman was spiralling down towards its Bankruptcy. This is exactly what JPMC did by 'witholding' Funds of the 'Collateral"...

Now, as was eloquently detailed to us by Cotton, we are not 'Customers' of JPMC... if so, JPMC would have long ago paid off all the CT Holders for 'FV + Accumulated Divis" as it would have been having SIPA protection to do so. So definitely we are NOT Customers and we are "Affiliates" as we are in a Trust whose Guarantee Trustee is JPMC and since the whole 'issue' of the 'Collateral Witholding" by JPMC was under 'judicial adjudication', I guess JPMC could not go ahead and pay off the CTs per the Prospectus guarantees... hence they needed to wait till all these issues were'settled' with LBI/LBHI under a court blessing...