Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

What would happen with that suit?

They'll hide behind a Judge & Trust Administrator after Marsal stated the case would be over in 2 years.

And, they'll say Dodd Frank wanted us to liquidate everything.

Same with G. W. Bush, H. Paulson & B. Bernanke.

Some of it stands true today in that they wanted to create incentives for a buyer (Barclay's, Stifel, etc.).

But, it turns out it was a political hit job from the get go while they gave billions to their "winners" and Obama waltzed off collecting fees from the banks and never doing the needed reforms in the industry.

Maybe that sounds too political for some.

I agree they haven't observed the definition of an affiliate that created classification misrepresentation and abuse of the 20 Quarter deferment period.

Abuse occurred in the WAMU case where $4B in cash deposits were confiscated by JPM while paying a $1.9B purchase price.

Think about how ridiculous that is.

So, how do they make it right?

They abuse, abuse & abuse.

mojo