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Foreign Banks borrowing billions from the Fed?
Right up to the very day that Lehman is allowed to tank? Wouldn't make any sense IF the FED was supposed to be unbiased...the FRAUDERAL RESERVE ;)
Lehman wants to know the stakes of Paulson & Co...
http://www.businessweek.com/news/2011-03-30/paulson-calpers-group-must-disclose-holdings-lehman-says.html
April 13 the judge decides whether competing plan will...
...be voted on as well...
http://www.businessweek.com/news/2011-03-30/lehman-old-gm-lyondell-tribune-madoff-bankruptcy.html
Maybe someone should ask Lazard about it?
Here it is...the PR on plans to sell LAMCO...
http://www.bloomberg.com/news/2010-10-18/bankrupt-lehman-to-pay-lazard-1-3-million-to-sell-lamco-real-estate-unit.html
I see no target date though.
Hate to be the devil's advocate but...
....I am positive that I have seen a press release within the last year saying that Lehman planned to SELL LAMCO this year...this plan may have changed since then but I'm positive that I saw that PR.
The other question is, how much is LAMCO worth right now?
GLTA
Special for Linda....
http://www.counterpunch.org/roberts03242010.html
Please read this NEW article and who wrote it.
Maybe you will believe me after this.
GLTU
I thing we will win the JPM case...
IMO...this article reveals very interesting stuff...
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7435494/JP-Morgan-put-Lehman-deal-at-risk.html
Lehman asks judge to OK property...
http://www.bloomberg.com/news/2011-03-23/lehman-asks-judge-to-approve-completion-of-nyc-condo-project.html
Mo moolah
Lehman trades 2.72B in claims in February '11...
http://www.businessweek.com/news/2011-03-23/lehman-tribune-fisher-island-quigley-aai-bankruptcy.html
Lehman sells 2.72B in claims in February...
http://www.businessweek.com/news/2011-03-23/lehman-tribune-fisher-island-quigley-aai-bankruptcy.html
Linda please don't...
...defend the most evil company in the world. Evidence EVERYWHERE and plenty of it. You would be shocked to know the extent of their UNFAIR advantages and abilities to manipulate almost anything in the market.
You are correct about some good people working for GS. They are the likely the majority of pee-ons who don't make any decisions or have a clue about what's really going on...
You NEED to know the truth...here's a tidbit for you
http://thegreatrecessionconspiracy.blogspot.com/2011/02/goldman-sachs-is-truly-evil.html
FWIW/FED reports record profits for 2010...
http://www.reuters.com/article/2011/03/22/us-usa-fed-profits-idUSTRE72L6D320110322
Bankhaus settlement to be amended say bondholders...
http://www.businessweek.com/news/2011-03-22/lehman-to-amend-957-million-bankhaus-deal-bondholders-say.html
Except for one thing Linda...
I believe a bailout would have occurred as well if not for Dick-head Fuld. He was a huge egomaniac and didn't play nice with the Fed and their political cronies. They wanted to set an example and to see him grovel like the Fannie May guy in the video that I posted. He refused, so that is one major reason they didn't help. I also believe that Goldman had a huge hand in these dealings behind the scenes. Lehman was their single largest competitor. Most educated investors are aware of the immense political leverage that GS has due to their continuous "contributions" to BOTH political parties. Sadly, now this has become a TOTALLY corrupt system designed to fleece the public and make the rich richer.
Have you ever heard of the ex-Goldman computer programmer who was arrested for stealing the flash trading program he designed for GS. The FBI arrested him at the request of GS. He designed a lightning fast trading program that identified bids before anyone else. Goldman said this regarding the arrest. "This program could be used to manipulate the whole market SHOULD IT FALL INTO THE WRONG HANDS" LOL!!! (it is in the wrong hands already)
American politicians have bottomless pockets thus continues to be ALLOWED.
Can you tell I'm PO'd? Sometimes it's best to remain ignorant of the sad facts of who really runs this country....
THIS IS ENLIGHTENING, re LEHMAN VIDEO/MUST WATCH...
...democracy my Azz!!!!
Vomit, vomit! Why doesn't everyone revolt from the constant fleece job of the middle class!
PUUUUKKKKE!
READ THIS FOLKS RE FED!
HOW DID LEH GO BROKE IF HAS PIECE OF FED? THIS RESPONSE WAS WRITTEN BY "Gray Shadow" = Hmmm...GS???
http://answers.yahoo.com/question/index?qid=20080919075423AAZEsaq
That's just conspiracy thinking nonsense.
Since Lehman is a publicly held company, you can review their annual report online. If you look, you will not find the Federal Reserve as an asset.
'ownership' of the Fed is governed by Title 12 of the U.S.Code. it is limited to member banks in their local branch. No member has any shares beyond their local branch.
To review:
The Federal Reserve System is a congressionally-chartered agency like the USPS and NASA. It is organized with a 100% government agency at the top (the Board of Governors), branches beneath them that are organized like corporations with member banks as shareholders.(Ref: http://www.federalreserveeducation.org/f… , http://www.federalreserve.gov/generalinf… )
The Board of Governors are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level; it is a government agency. You can confirm this from a number of government sites that list it as a government agency (e.g. http://www.whitehouse.gov/government/ind… Board members are forbidden by law to have any economic interest in a private bank. (Ref: Title 12 chapter 3 of the U.S. Legal Code). The Board determines monetary policy and provides high level oversight of the branches
The 12 branches can be considered highly regulated private corporations. Member banks are required to buy shares in their branch. Each bank has one vote. They can vote for 6 of their 9 board members, the other 3 are appointed by the Board of Governors. Though the branches are called non-profit, the member banks get a standard 6% dividend on their shares. The remaining 'profit' is turned over to the Treasury at the end of the year.
For confirmation on this, check out how Hoovers classifies them:
http://www.hoovers.com/free/search/simpl…
Also look at: http://webskeptic.wikidot.com/federal-re…
But even this limited owership is tenuous. From Edward Griffin, noted anti-fed intellect (http://www.bigeye.com/griffin.htm)
"It's a hybrid, part corporation and part government, part private, part government.
..
Every bank that's in the system is an owner of the Federal Reserve... But that's as far as it goes because those stock certificates do not carry with them any of the attributes of private ownership. For example, the holders of these certificates cannot sell them. If you can't sell something then you don't really own it, that's one of the tests of ownership, your ability to dispose of it. You cannot sell it. Furthermore the larger banks put up more money than the smaller banks, it's a ratio to their assets, so the larger banks have more stock certificates in the system than the small ones and yet regardless of the number that they hold, every bank has just one vote. There's another violation of the principle of private ownership. Furthermore that vote doesn't buy them anything. They can't vote for anything of substance; they cannot vote for their national management which is the most important thing, isn't it? The board of directors and chairman of the Federal Reserve System are appointed by the President, they're not elected by the banks that are part of the system, the President does that.
BULLSHIT!!!! WRITTEN BY GOLDMAN SACHS IMO!
Lehmans 2007 annual report...should be in here...
http://fclass.vaniercollege.qc.ca/~laroccag/FOV1-00043009/FOV1-00051364/Lehman%20Brothers%20yr%202007%20Annual%20Report.pdf?FCItemID=S002288FE&Plugin=Loft
I am looking through this now to see if any references to Fed ownership and dividends. Any help is appreciated.
GLTA
Hawg...Good work-what I find most interesting there is what I assumed to be true...
Hiding the ownership & divdends from the FED!
You all know damn well that GS owns a piece, yet nothing stated ANYWHERE in Goldman's financials and annual reports???
I would assume the same is true for Lehman.
We should all be inquiring to get the facts we deserve to know.
GLTA
Such an obvious conflict. Why even bother with trying?
They musta thought they'd catch someone sleeping. LOL.
I still hope that someone can find evidence of annual dividend payments from the Fed from older balance sheets. (pre-2008)
That would be absolute proof if they tried hiding it now.
One thing for sure...it ain't chump change!
That is the question Linda...
This is NOT new info, just extremely well hushed by all parties.
I doubt that anyone with shares in the Fed wants that to be common knowledge. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
BTW - Thanks to Dnoto for finding this FIRST on the J board.
I wish I knew the answers to those 3 questions I posted BECAUSE
IF THIS IS NOT STATED ON THE BALANCE SHEET WHEN IT COMES OUT - IT MAY BE TOO LATE TO OBJECT IF QUICKLY APPROVED BY THE JUDGE...
Is there anyway to identify Fed dividends from OLD balance sheets?
I would be concerned and writing letters immediately if it is not on ANY old statements....I'm not that good at interpreting those. How about you?
GLTA
Just maybe Linda...
....another reason not to disclose balance sheet...
1. How many of those 300 shares are Lehman's?
2. How much in dividends has the Fed paid Lehman since 2008?
3. Will this even be on the balance sheet AND if not, why would it be left out??????
There's some sleuthing forya!
If you can find any of those answers, I will salute you!
;)
In more detail Linda...
Like I said, better be on the balance sheet.
GLTA
You are correct...
BTW - I like what you said to that basher on Yahoo :)
AND the commercial real estate market has rebounded TREMENDOUSLY!
GLTU
Great breakdown...what is missing here?
http://plus.maths.org/content/os/issue51/features/boedihardjo/index
GLTA
Great breakdown, what is missing here?
http://plus.maths.org/content/os/issue51/features/boedihardjo/index
GLTA
Toogood-is THIS what you are seeking re: BANKHAUS?
Lehman Brothers Holdings Announces Affiliate Claim Settlement and Lehman Brothers Bankhaus Support for Amended Plan
February 03, 2011 02:24 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Lehman Brothers Holdings Inc. (LBHI) and the insolvency administrator for Lehman Brothers Bankhaus AG (LB Bankhaus), the second largest of LBHI’s foreign affiliates, have reached an agreement settling all intercompany relationships between the U.S. Debtors and LB Bankhaus. The agreement, which is subject to approval in the U.S. Chapter 11 proceedings and in the German proceeding, provides for the allowance of LB Bankhaus’ claims in the approximate amount of $6.6 billion. LB Bankhaus also said it is supportive of the First Amended Joint Chapter 11 plan filed on January 26, 2011.
Bryan Marsal, LBHI’s Chief Executive Officer, said: "This agreement is a milestone in the resolution of the Lehman proceedings and is in line with our overall approach to favor compromises with affiliates and avoid lengthy and costly litigation. We look forward to continuing our conversations with affiliates and other stakeholders in the coming months as we move forward toward confirmation of the amended plan."
Dr. Michael C. Frege, in his capacity as insolvency administrator for LB Bankhaus, stated: "We have worked for many months with LBHI to reach this mutually satisfactory settlement of all intercompany issues between our two estates. In addition, LB Bankhaus is supportive of the First Amended Joint Chapter 11 plan and the approval of the Debtors’ Disclosure Statement and hopes the process will now move forward expeditiously.”
Contacts
Media:
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
kmacleod@lehmanholdings.com
OBJECTION! WHAT ABOUT LEHMAN's SHARE IN THE FED????
Is that not an asset??? I'd love to know the value.
Someone should find out AND write to Peck.
GLTA
Lehman has a piece of the FED????
If that ain't a hint that Lehman will re-emerge from BK, what is? OR, liquidate our one share. Float is only 300 shares, gee how much is it worth??
I have known this fact but not that Lehman had a piece. VERY INTERESTING considering no Fed bailout. They all just hated Fuld coz most people named "Dick" are one.
GLTA
Lehman real estate could rocket...NEW PR LINK.
Let's increase the value tremendously. Way to go Marsal!
http://www.bloomberg.com/news/2011-03-15/lehman-said-to-seek-partner-for-residential-property-development-projects.html
GLTA
New PR. Lehman real estate values looking good....LINK
http://www.bloomberg.com/news/2011-03-15/lehman-said-to-seek-partner-for-residential-property-development-projects.html
GLTA
Sorry Linda...
No time...that's what Google is for and how I find everything that I post.
Kinda pointless to me anyhow...the Jeopardy "wait/thinking" theme has been running through my head for a year now since holding Lehman.
GLTU
Hmmm, let me tell you....
...with my crystal ball. If creditors accept Marsals plan it could be even this year. Your guess is as good as mine. If there is a pot of gold at the end of the rainbow, it will certainly be half empty. Question is, how big is this pot since it mysteriously keeps growing and the balance sheet is the best kept secret on Wall Street. Only the Lord and Goldman Sachs know(that's why they want more money)....IMO.
I still find it hard to believe that it is legal to deny or obscure the balance sheet like this, and for how long. Probably a really good thing it is a secret for us, because the greedy and evil banks would want ALL OF IT.
GLTA
More money for Lehman trustee...
http://online.wsj.com/article/SB10001424052748704893604576200742932866276.html?mod=googlenews_wsj