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lhhmq at 20 cents
Nothing going on for Lehman.
Another storm on the way for the east coast though.
Nothing going on for Lehman.
Another storm on the way for the east coast though.
This is one of many approaches lawyers can use to bankrupt a person by making lawyer fees too expensive to research and reply or to make them give up in frustration.
I opened it but did not read it all, looks like a print out of every docket associated with CTs. I speculate that Wu has 2 weeks to respond.
Docket 60753
THE DEBTORS SLAPPED WU
with more than one thousand page document.
fmcc made more than fnma. $ 4.15 B for fmcc vs $ $2.5 B for fnma
Scanned for what?
Raising target price to $54 ???
Look under "Related Research"
Very deceiving, looks like it is for LEHNQ but it's not
https://finance.yahoo.com/quote/LEHNQ?p=LEHNQ
True enough
5 yr deferral period ended and that should prompt the CTs Trustees to act on behalf of CT holders.In our case Trustees are very quite like the debtors.
Freddie earnings July 30 9 am
Thank you Jovi
Look at the list of debtors on the bottom left. Of the 21 debtors, 17 are in closed status.
These 4 debtors are still in open status. Anyone following how much money they were owed and how much they were paid?
LBIE has $8 billion dollars
Lehman Brothers Special Financing Inc.
Lehman Brothers OTC Derivatives Inc.
Lehman Commercial Paper Inc.
BNC Mortgage LLC
https://dm.epiq11.com/case/lbh/info
If ecaps get paid in full then so do CTs
the majoirty of it will be paid interest to lbie more senior debt. but out of the surplus ecaps will be paid in full.
60748 5 year extension
Short interest has gone from 98.58% on July 15 to 23.08% on July 21
WOW. Shorts covered about the same time Wu's paperwork was received in Europe
Scroll down and look at % of vol shorted
https://otcshortreport.com/company/LEHNQ
Looks like CTs are going to get some action.
Interesting edbk46
Trustee fails to act even after he was made aware of our rights, so then we shareholders can act as trustee as Waske/Wu are doing.
It may be in Waske's filings.
We can act as our own trustee if our trustee fails to act for us.
Confused, hows that work?
CTs are non-dischargeable.
We can act as our own trustee if our trustee fails to act for us.
CTs are listed as being on OTC. Didn't they used to show they were on the grey market?
Anyone following this story and has spare change would be buying.
Preferreds in europe were paid, our CTs are in par with them. CTs should be paid too.
~ Okay, It’s Against My Better Judgement, But, I Simply Have To Ask ~
Other than being placed into their suspended condition, In regards to the CT’s, At what point or when, were the Covenants breached or disregarded ?
To date, only the extensive amount of creditor claims have been recognized, ... right ? ...
I have no recollection or knowledge of a distribution (I’m using one encompassing word’ for simplicity’s sake’s) that would have breached the “Covenants” ...
Wu was following appropriate procedure, he notified Chapman that he filed in Europe. This is not in Chapman's court.
It’s nothing Dade, Court will just ignore the statement. (It is not a motion). The judgement from the last hearing was “With Prejudice” that means “final” and cannot be heard again. “It’s over” ...That’s all they can do for now (making statement) unless if court of appeal is interested to hear it, which is very unlikely, after the review of the whole case and “if” Wu or Waske will be able to pay all the court expenses.
Court expense is not cheap btw.
It’s not always free for the poor that don’t want to stop besides the “judgement with prejudice”
60746 Wu kicking Chapman's butt
Excellent find, thank you.
As long as our gov't is on a spending spree, about $1 Trillion ought to prop up Fannie and Freddie and boost the stock market as well.
Yes, that is exactly the point. Only I think NB preferreds also got deferred dividends.
Isn't that the point? The CTs are not subordinate to equity of LBHI or any of its subsidiaries ala Neuberger Berman and a few other subs. They redeemed the preferreds of NB. That is the waske argument. No?
Post your link to this story Wise Man, I don't find it anywhere.
Is Sweeney in the guardianship or did she place FHFA-C AND U.S.TREASURY into it?
***JUST IN***JUDGE SWEENEY,FHFA-C AND U.S.TREASURY PLACED INTO GUARDIANSHIP AFTER BEING DECLARED INCAPACITATED.
Three tremendous errors in comprehending texts, brought us here.
1-The Charter's Fee Limitation bars the U.S. Treasury from assessing or collecting a fee or charge on or with regard to the purchase, sale, pledge...of securities by FnF. Exception: low-cost redeemable obligations (SPS)
FNMA's Charter starts with: "PROHIBITION ON ASSESSMENT OR COLLECTION OF FEE OR CHARGE BY THE U.S."
More clear if you don't understand FMCC's Charter that calls it "Fee Limitation".
So, no TCCA fees, commitment fees, 10% dividend, NWS dividend, Warrant, etc.
2-The Restriction On Capital Distributions (like dividends) when undercapitalized (IN GENERAL). Exception: reduce the SPS.
3-The word "may" that prefaces the conservator's Power and Incidental Power, isn't an option on when uphold his powers and do the opposite instead.
The announcement of Guardianship sent shock waves across the country.
More detail on #Fanniegate. Daily in-depth analysis.
Once we exit the BK, we won't follow the class/waterfall. CTs will be back in business.
Let the cash flow until it hits our broker accounts
——//———-//———
Don’t forget to consider that creditors aren’t paid in full.. More than 130B more to pay if there is money.
Anyone here think this is the Plan Administrator's attempt to get out of the hot bath Waske has prepared for them? It's less expensive than paying what Waske is asking for and it's easy to do. Timing is right.
Wonder why this hasnt been brought up before, by anyone?
If it has, I just plain forgot.
Very strange, why arent all brokerages showing this?
A lot of mystery in this whole Lehman fiasco.
Oh well. Its how it goes.
60742 Adjourns hearing again.
ONE WEEK AND FIVE DAYS FROM NOW
Will be the hearing in Aid Of Execution.. This is about POR.
Let’s see what will happen.
I thought our dividends were re-allocated to a higher class.
~ Jersey’ Your Welcome and Thanks To “ALL” For ALL You Do ~
I’ll re quote what HighWayMan, posted earlier ...
Quote:
”The dividends are suspended. They have not been paid since the bk began. The distributions that were reallocated are not the dividends.”
... One of My Personal Brokers (“Schwab”) properly monitors my investments, directly to their functionality ... as of today specifically, The LEHNQ’s ... as a Preferred / Equity class, SUPPORTED by a Capital Trust’ (that’s important) have their functioning dividends being reported in proper form, both by date and interest rate ...
And again, as HighWayMan, and Cotton, have stated, ... the CT “accumulation” has been placed in suspension due to the Bankruptcy ... But their functioning process can not be changed ...
So, ... the way I’m viewing the process, ... the return of the CT’s accumulation hasn’t been formally decided by the Court ... YET’ ... however, ... the CT’s Capital Trust support and their dividends function, ... will move forward either way ...
Of course we would all like to see the accumulation returned, ... but if that doesn’t happen, ... getting a 6% plus quarterly return until 2054 once this Bk ends, ... isn’t so bad either ... just my opinion ...
(Capital Trust Supported Investments are my Thing’,) ...
Thanks Guys,
AZ
Glad you noticed. I listened in on the call and heard Chapman tell Rex/Waske that she didn't want to hear their argument on NB. She also said she hoped this was the last time she would be hearing from them. You read the first 6 pages. Agenda changes seem preplanned.
Enough is Enough! I am planning to approach Susman & Godfrey and start Litigation against LBHI and join Mr. Waske... The CORRUPTION of this BK Judge "Stinks to High Heavens"...
Agree. Very strong language.
60740 on epiq
Sheila Bair, a director at fnma, owns fnma stock. I knew awhile back that employees were told not to buy stock. Anyone hear of a change in policy?
https://www.fanniemae.com/portal/about-fm/governance/bd-bair.html
Gotta love #2
During four year term of trump administration, trump is facing with two crisis:
1. Crisis number one is CORONAVIRUS, trump administration is pumping in about 6 trillion dollars to support each American in every ways. Second check is expected to be ready in August.
2. Second CRISIS is gses conservatorship crisis which have violated in constitution's SEPARATION of POWERS.
I expect trump to spend another 1 trillion dollars to support for all shareholders who had been mistreated by Democrats government.
Of course they are. Especially Fannie and Freddie.
Congress are secretly buying stocks all over the place.