Lehman Brothers Financial SA (LEHNQ)

[Ray_137]

I will sell 10 k CTs for $5. If there is a buyer.

[bluebird50]

5 dollar signs…. Too much time on your hands! lol

[JERSEYHAWG]

I have heard every number that you can possibly hear. Staring from 0 to the sky's the limit, back interest and everything else. Without dreaming life would be dull. Everyone needs to dream.

When it happens it happens. All we can do is ride the wave.

GLTA....LETS SEE WHERE IT GOES.

$ $ $ $ $

there's a clue. Think on it.

[cottonisking]

Sixteen years is not a bankruptcy. It is a new birth. Where is the Justice for subordinated Creditors? The Debtors' were given a free pass. We are not interested in the Debtors' excuses. Show us our money. This is all part of the New American: Secret billion dollar Hugs and Kisses for a smaller well defined group.

The Legal System is being abused like the World has never seen in the past Century.

[ron_66271]

$1 Quadrillion Naked.

The Derivative Market is naked options.

The party writing the insurance policies doesn’t own/have the backing assets to cover the losses with assets like normal stock options.

A shell game. Compound fiat money.

That is why the derivative insurance contracts writer’s back in 2008 couldn’t cover their obligations.

Lehman’s lived on both sides of the fence regarding derivatives.


According to the US Treasury back in 2008 for residential mortgages was $13 Trillion of most where RMBS backed by derivative contracts to cover the losses of the insured bonds.

JPM wrote 57% of the derivative contracts.
From the WMB DB California we learn the loss ratio of 11.9% for the RMBS.

The Math (in Billions);
$13,000 x .57(57%) x .119(11.9%) = $881.79 Billion potential exposure for JPM to cover due to JPM’s derivative exposure.

s404; please go back and reread my posts



Ron

[bluebird50]

The more savvy guys I’ve met here so far on this board are hinting at an easy 20.00 range… I’m good with 10…. Anything over 20? I change my friends lives as well… I’m keeping tight lip for a while on this. US bankruptcy court is unpredictable (bad) and lenient for the right group! I think we are in the right space for a payout… if not it will rewrite corporate law! Is my take…

And that will create a new storm in the stock market and with my knowledge I will be able to capitalize on it also!

Let’s see what goes down ? Or up? lol

[bluebird50]

Us pessimists are totally good with 5 and we will ride this pale horse to the grave!

Speaking of ride!?! I hope your friend feels like sporting one of his Ferraris the day we do the garage tour… lol

Or we can take my ride to lunch…

All good in the Jersey hood!

[s404n1tn0cc]

Here is Gems Opinion... Not MIne. And solvanancy is unclear
But speaks for itsself at best its tangled and held at bay.
Gem: "Yes, the derivatives market is still very much in business. It's a massive global market estimated at over $1 quadrillion.

Here's a breakdown of your questions:

Derivatives Market:

The derivatives market is alive and well. It plays a significant role in various financial activities like hedging risks, speculation, and managing exposure to different assets.
ABS/RMBS Contracts:

Asset-backed securities (ABS) and residential mortgage-backed securities (RMBS) can be used as underlying assets in derivative contracts.
Whether these contracts perform depends on the specific terms of the contract and the performance of the underlying assets (ABS/RMBS) they are tied to.
GFC (Global Financial Crisis) and Derivatives:

The 2008 GFC exposed some issues with complex derivatives tied to troubled mortgage loans.
However, the derivatives market itself wasn't the sole cause of the crisis. It contributed by amplifying the losses.
Insurance Contracts and Resolution:

It's difficult to say definitively without more details on the specific derivative insurance contracts and the involved parties.
These contracts might have specific payout triggers linked to certain events or performance metrics of the underlying ABS/RMBS.
Potential Outcomes:

If the ABS/RMBS perform poorly and trigger the payout conditions, the insurance contracts might pay out to the solvent banks.
However, the contracts might have clauses that exclude payouts based on specific scenarios.
Here are some additional points to consider:

The situation likely involves complex legal and financial details.
Determining the outcome might require reviewing the specific terms of the contracts and the performance of the underlying assets.
If you're interested in learning more about this specific situation, it's advisable to consult with a financial professional familiar with derivatives and the circumstances surrounding the GFC. They can provide a more informed analysis based on the details."
Thats its opinion .. GLTU

[s404n1tn0cc]

But still interesting.
If JPM wrote 57% of an $83 trillion marketplace, then here's how we can approach the situation:

Market Size: We can calculate the total size of the marketplace that JPM participated in:
Marketplace size = ($83 trillion) / (57%) = $145.6 trillion (approximately)
Losses Covered by JPM: Unfortunately, you haven't provided the specific math regarding the losses JPM needed to cover. However, I can help you with different approaches to analyze the situation depending on the type of losses:
Market Downturn: If the losses represent a general decline in the market value of assets, then JPM's losses would be proportional to its 57% market share.

Example: Let's say the overall market value decreased by $10 trillion. JPM's hypothetical loss would be (57%) * ($10 trillion) = $5.7 trillion.
Specific Defaults: If the losses are due to defaults on specific assets, then JPM's losses would depend on the types and amounts of defaulted assets they hold.

We would need more information about the defaulted assets and JPM's exposure to them to calculate their specific losses.
Important Points:

It's important to understand the nature of the losses before calculating the impact on JPM.
A 57% market share doesn't necessarily mean JPM is responsible for 57% of all losses. It depends on the specific type of loss.
have any further details about the nature of the losses JPM needs to cover?
Also Math or Numbers don't Matter anymore .... Your politically(Family) connected or not. Is what it comes down to for SIB Systemically Import Bank.
Why? Threre are no more Reserve requirement for any SIB. National or Regional.
Debt is now irrelevent. The country is headed to Zimbobwae faster that then we can say Ohhh Sheet.

[s404n1tn0cc]

Disagree the only question is timing... for Which Corp how much. Sept 23 to hopefully recover ....or Sept 16 total panick and position liquidation.!!??

[stockanalyze]

i am very hopeful we get paid pver $50, eventually. don't know when. time value of money.
my point was on jpm as jpm stock isn't taking a beating if they are in such a hole.

[JERSEYHAWG]

I would like 5 bucks. Let's see. Lol

Only in America

Hope everyone had a great 4th of July.

[bluebird50]

So you’re here and we’re here… do we get paid?

My gut says yes because you took the effort to post on the worst stock market holiday… say I’m wrong.

It’s good to analyze the surroundings…

Will we get 5.00?? Maybe more..

[stockanalyze]

"JPM wrote 57% of a $83 Trillion market Place."
question is are they going to pay a dime? market says 'no'

[ron_66271]

Not Correct s404.

Lehman Brothers Special Financing Inc a sub of Lehman Brothers Holdings Inc. ("LBHI").

All regarding Swaps and Derivatives insurance that the Trustees is required to provide to protect the Bonds, or did the derivative contract writer fail to cover the ABS’s claims loss?

2008 was a Derivative Market Meltdown caused by the Community Reinvestment Act forcing banks to make very risky loans that the banks didn’t want to make.

CRA; A legislation crime.


JPM wrote 57% of a $83 Trillion market Place.
I have presented the math regarding the losses JPM needed to cover.

What JPM, BofA, WF…, did was slow pay the Swaps and deplete the cash flow of Swaps recipients like LB, WaMu, F&F, and Bear Stearns and forced them into bankruptcy, or a cheep sale.
Therefore throwing the Swaps payments into confusion.

LIBOR!



Ron

[s404n1tn0cc]

Just waiting for the Tears to stop HAHAHAH UGH!!!

[s404n1tn0cc]

I found it ....they recognize Sept 23 2008 as the official recognition of the bankruptcy and not Sept 15 2008 and the Paper work said Sept 22 2008
But the dockets says 11/04/11 the day it was recorded. Back dating is not allowed in court.
Doc
21655 Check it out at EPIQ See page 16
https://document.epiq11.com/document/getdocumentsbydocket/?docketId=324828&projectCode=LBH&docketNumber=21655&source=DM

To be hand delivered or delivered by certified or registered mail return receipt requested)
NOTICE OF EARLY TERMINATION OF SWAP TRANSACTIONS
(RESTRUCTURED ASSET CERTIFICATES WITH ENHANCED
RETURNS, SERIES 2006-20A T)
TO:
Lehman Brothers Special Financing Inc. ("LBSFI")
745 Seventh Avenue
New York, New York 10019
Attention: Transaction Management
CC:
Lehman Brothers Holdings Inc. ("LBHI")
745 Seventh Avenue
New York, New York 10019
Attention: Swap Notice Generation
RE: MASTER SWAP AGREEMENT DATED AS OF DECEMBER 8, 2006 (the
"Agreement") with RESTRUCTURED ASSET CERTIFICATES WITH ENHANCED
RETURNS, SERIES 2006-20A T TRUST CUSIP 76126CVD1 *
An Event of Default and Tennination Event has occurred and is continuing under Section
5 of the above-referenced Interest Swap Transaction in that Lehman Brothers Holding
Inc., the Credit Support Provider in relation to LBSFI, has íiled, in the United States
Bankrptcy Court for the Southern District of New York, a Voluntary Petition under
Chapter 11 of the U.S. Bankrptcy Code.
We hereby designate September 23, 2008 (but not earlier than the date this Notice is
effective) as the Early Termination Date in respect of all outstanding Transactions under
the above Agreement.
RESTRUCTURED ASSET CERTIFICATES WITH
ENHANCED RETURNS, SERIES 2006-20AT TRUST
U.S. Bank National Association, not in its individual
capacity, but solely as trustee of the above trst
Dated: September22 2008
*Trustee is not responsible for selection or use of CUSIP numbers; they are included solely for holder convenience. . NY168387.3 ~

Can you say LAW Suit note the designation date Sept 23 2008 and the Official sign/ send date
Sept 22 2008!! Got'em !!!! Don't pass go don't Collect $200.00 go directly to Jail !!!#$%^

[s404n1tn0cc]

Yup your Right. Lot of Legal Hocus pocus.
Just a note... US Bank Trustee. If you read the Arguement to the planned confirmation. They didn't Recongnize the Backruptcy until
Days later when the Markets moved in their favor. Then they recognized it. We're talking a week to
a week and a few days after. .

[mates]

You are a 100% right

[JC Pinny]

That MM (Market Maker) code signal to stretch this out for as long as possible to avoid making retailers millionaires lmao :)

[JJPK]

Volume on lhhmq 666.
Doesn’t that say it?

[4Duxs]

All four CT’s traded in the last 10 days.
Have a Happy 4th everyone. Say a thanks to the folks that risked everything so that we can have the life we do. Cheers

[stockanalyze]

when do you see they see money from these contracts? from jpm?

[The Godfather]

You are correct, Ron! Everything you stated in this post.

[goodietime]

Filed Jun 28 2024
Chapter 11 Monthly Operating Report for the Month Ending: 05/31/2024 Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Debtor 08-13555 Lehman Brothers Holdings Inc.
View on Website

https://dm.epiq11.com/case/lbh/dockets/61672?debtorId=1906

[cottonisking]

🎂 Lehman Brothers' Bankruptcy Sixteenth Birthday is on September 15, 2024. The CT Holders' back interest is a variable asset, in addition to the fixed $25 per share CT Holders' principal or liquidation amount.

[autotel]

The IRS argued they were the experts and they should get to decide what is income.

[autotel]

If I remember right the rule that discharged debit rule was created in 1993. They used Chevron as the reason they could create it.

[autotel]

The IRS lost most of their power to interpet the the tax code. Chevron gave federal agency unlimited power to expand what is income. The can now only use what the law says.

[autotel]

The IRS doesn't get to decide its income in a bankruptcy. The bankruptcy judge gets to. Solyndra is a good example. The is no law that says discharged debit is income just a IRS rule.

[s404n1tn0cc]

Soo much we Dont know. I Use youtbe for Trade education. Learning curve is shorter. IMO

[s404n1tn0cc]

Continued...

It's important to clarify that Chevron deference likely didn't directly determine that discharged debt is considered taxable income. Here's why:

Tax Code and Regulations: The Internal Revenue Code (IRC) defines taxable income and sets the framework for taxation. The IRS issues regulations to interpret the code and provide guidance.
Chevron Deference: This legal principle applies when courts review interpretations of ambiguous laws by federal agencies like the IRS. If a relevant IRS regulation regarding discharged debt existed and was challenged in court, Chevron deference might have come into play.
Possible Scenario:

Let's say the IRS issued a regulation stating that discharged debt generally counts as taxable income.
If a taxpayer challenged this regulation in court, arguing the IRC didn't explicitly mention discharged debt as income, Chevron deference could be relevant.
Under Chevron, the court would likely defer to the IRS regulation as long as it found a reasonable basis for considering discharged debt as income within the framework of the IRC.
Recent Development:

[s404n1tn0cc]

HAHAH
Realy.. I hope your right!!
but I Thought...


The case of Loper Bright Enterprises v. Raimondo is a landmark Supreme Court decision issued on June 28, 2024, that has significant implications for Chevron deference. Here's a breakdown:

What is Chevron deference?

Chevron deference was a legal principle established in the 1984 case Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. It gave courts some deference to how federal agencies interpret the laws they're tasked with enforcing. Under Chevron, courts would generally defer to an agency's interpretation as long as it was reasonable and not inconsistent with the clear intent of Congress.

What did Loper Bright decide?

The Supreme Court, in a 6-3 decision, overturned Chevron deference. The Court argued that the plain text of the Administrative Procedure Act (APA) requires courts to exercise their independent judgment when reviewing agency interpretations of law. They found that Chevron deference wasn't required by the APA and had become problematic in practice.

What does this mean?

The Loper Bright decision means that courts will now scrutinize agency interpretations of law more closely. Agencies will no longer be able to rely on Chevron deference to shield their interpretations from judicial review. This could lead to:

More litigation: Businesses and individuals may be more likely to challenge agency actions if they believe the agency's interpretation of the law is unreasonable.
Increased uncertainty: With less deference to agencies, there might be more uncertainty about how certain laws will be enforced.
Potentially more power for Congress: If courts are less likely to defer to agencies, Congress might have a stronger role in shaping how laws are implemented.
Overall, Loper Bright is a major shift in the balance of power between courts, agencies, and Congress. The long-term effects of this decision are still unfolding, but it's clear that it will have a significant impact on how federal agencies operate and how the law is interpreted and enforced.
....IMO

Summary
Deference applies in cases of judicial review, i.e., when a plaintiff accuses an agency of unlawful
action. In such cases, the court must decide whether the agency was authorized to act as it did.
However, Congress often passes broadly worded legislation that requires agencies to fill in the
details of rule-making and enforcement. The degree of interpretation is a direct function of
lawmakers’ imprecision in crafting statutory language.
Taxes are Taxes Yes/ No?? Or is your stance of interpretation only??.

[stockanalyze]

what is the timeline on this that jpm ponies up?

[autotel]

We won Loper Bright Enterprise vs Raimondo. That means discharged debt is no longer taxable income. The NOLs are back in play.

[toogoodfella]

RE: Lehman’s only fell into bankruptcy because JPM ran out of money to pay Lehman’s on the evening of September 14, 2008.
——//——-//—


USE YOUR SECOND GRADE MATH.

There is still “130 BILLION”unpaid debt and you are blaming JPM.

[JERSEYHAWG]

Thank you Ron

2025

[ron_66271]

Paying all Legal Fees is Proof of Solvency.

Yes Lehman’s is a going concern.

Lehman’s only fell into bankruptcy because JPM ran out of money to pay Lehman’s on the evening of September 14, 2008.

JPM was and is bankrupt.
Too many derivative contracts exposure to cover. Back in 2008, JPM derivatives contracts exposure to cover losses was $700 Billion.

Please read my posting history.
I have explained it before. I mainly post on IHUB COOP MB.

I know the history.



Ron

[cottonisking]

All together, expenses for the Chapter 11 and SIPA proceedings add up to $7.26 billion.

Although the Chapter 11 proceedings are set to continue for some time, our figures include expected estimates for the remaining period of resolution, as reported by the Lehman debtors. Moreover, the SIPA resolution is essentially complete. Thus, the expenses reported in the chart above are likely a fair estimate of the total expenses from these resolutions. However, expenses for resolving other Lehman entities, such as its non-U.S. affiliates, are not available. As a result, our estimates should be viewed as a lower bound on the total expenses associated with Lehman’s resolution.

[JERSEYHAWG]

2025

Correct ?

[newflow]

Just $6 Billion in Fee thru 2019.
https://libertystreeteconomics.newyorkfed.org/2019/01/lehmans-bankruptcy-expenses/
Whats the value of assets?. Come on estates, resurrect soon.

[ron_66271]

The Derivative Market Needs to Pay Up.

I find it interesting that I posted two related posts on COOP, and on LEHNQ, FNMA regarding the value of investments in ABS/RMBS.
I received no relevant response!

The point is that the performing ABS/RMBS make all four corporations solvent.
All four are awaiting the Derivative insurance contracts to pay up.
Resolution releases the accumulation of funds with interest for the ABS/RMBS.



Ron

[real777mellon]

Nvidia's accounting is really- well. Your wife can look into that. All the best.

[ron_66271]

Asset Backed Securities are Asset Backed!

Example;
The WMB Notes were backed by $26 Billion in assets to cover ~$13 Billion in Bonds.

Using the 11.9% loss rate established by Globic is;
$26B x (1-.119) = $22.906B to cover the WMB Covered Notes. The Notes assets paid for themselves.
Hence; Covered!
Job DONE!

Similar theme for the Series R.
I have already explained/proven the Series R performance payments.

The same thing for Lehman’s Capital Trusts and many other asset backed Preferred's.


Or prove me wrong! 🤪



Ron

[ron_66271]

Retirement Funds Invest in Safe Cash Flow.

Lehman’s is a Investment Bank for safe investors.

ABS/RMBS were/are outstanding insured cash flow investments.

LIBOR litigation is all about back settling the unpaid derivatives insurance contracts from 2008 by the Big Banks.


Filed today
4081
“NOTICE OF VOLUNTARY DISMISSAL PURSUANT TO FED. R. CIV. P. 41(a)(1)(A)(i). Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, Procedure, Plaintiffs National Asbestos Workers Pension Fund, Pension Trust Fund for Operating Engineers, Hawaii Annuity Trust Fund for Operating Engineers, and Operative Plasterers' and Cement Masons' International Association Employees' Trust Fund (collectively, the "Plaintiffs"), by and through their undersigned attorneys, hereby dismiss this action in the above-captioned matter Nat'l Asbestos Workers Pension Fund v. Bank of Am. Corp., No. 1:15-cv-01334-NRB (S.D.N.Y.), without prejudice, against Defendants Bank of America Corporation; Bank of America, N.A.; Bank of Tokyo-Mitsubishi UFJ Ltd.; Barclays Bank plc; Barclays Capital (Cayman) Limited; Citigroup Inc.; Citibank, N.A.; Coperative Centrale Raiffeisen-Boerenleenbank, B.A.; Credit Suisse Group AG; Deutsche Bank AG; HSBC Holdings plc; HSBC Bank plc; JPMorgan Chase & Co.; JPMorgan Chase Bank, N.A.; Royal Bank of Canada; The Norinchukin Bank; The Royal Bank of Scotland Group plc; Societe Generale, S.A.; and UBS AG. Plaintiffs reserve all rights to make claims as class members in any future class settlements in the above-captioned MDL litigation as appropriate. So ordered., (Bank of Tokyo-Mitsubishi UJF Ltd., Barclays Bank Plc, Barclays Capital (Cayman) Limited, Barclays Capital (Cayman) Limited, Citibank, N.A., Citigroup, Inc., Cooperatieve Central Raiffseisen-Boerenleenbank, B.A., Credit Suisse Group AG, Deutsche Bank AG, HSBC Bank PLC, HSBC Holdings plc, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., Royal Bank of Canada, Societe Generale, S.A., The Norinchukin Bank, The Royal Bank of Scotland Group PLC, UBS AG, UBS AG, Bank of America Corporation and Bank of America, N.A. terminated.) (Signed by Judge Naomi Reice Buchwald on 6/24/24) Filed In Associated Cases: 1:11-md-02262-NRB, 1:15-cv-01334-NRB”

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262



Ron

[JERSEYHAWG]

Mr Mellon. Honest. I don't read anything about this.

I can wait for the end.

What has me captivated is reading a bit about Nvidia. How the heck my wife was so fortunate to get a bunch of this years ago at 40 bucks ps. I swear I just laugh. Boggles my mind.
It just split to.......

She gets pissed off at me. The ONLY DOG in her Holdings is Lehman. Yep, your right. Years ago, I told her to buy some. You can't loose....🤣

Anyway, you post. Some right smart stuff. See you at the holdings window, bust or win.

Be well

[cottonisking]

🤑🤑🤑 Irrelevant, because old men and young women are hard to stop. Example: The old men that are grabbing available cash in this Lehman Brothers' Bankruptcy, will not stop or read any reports.

[real777mellon]

I bet the value of all the Repo 105 collateral being heavily Fannie Mae Freddie Mac and FHLB securities will have something to do with a delayed pending transaction that will be 50-100+ M in assets/cash that "appears" from off-the-balance sheet at one of the repo 105 banks LBIE used (UBS, Barclays mostly) and then just sorta move from there. Look at the boards with the most attention here in banking and finance. Also thank god this place isn't Fannie Mae boards. There's a lot of suspect negging there. China and other actors had to get here from Reddit and "X" eventually right? Just ruin all the great discussion boards for Gen X to Millennials like myself? :/

https://www.jenner.com/en/news-insights/news/lehman-brothers-holdings-inc-chapter-11-proceedings-examiner-s-report

If you wanna read 336 pages (you prob know enough) it'll get you thru a few more boring weeks. I mean months. Oh well. I'd be doubling down but have no access to Canada brokerage account now. Fooey.

[JERSEYHAWG]

HAHAHA

thanks Mellon. I needed that.one of the funniest. And Chuck Heston, can't beat him.

Be good young man.

See you at the grand finale. 😀

[real777mellon]