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JHawg - To Jimmy Cheers!
Anita Dump - Lol! Great alias. I love a good pun.
JCPinny - I feel confused and don't understand the connection between the Vatican repatriating some of its 5B+ in tax free assets back to the IOR, "BlackRock" and LBHI. Do you have something more concrete to help me understand why this is relevant?
https://tinyurl.com/w4rfk9zx
It's quite the mashup.
I wanted to use another video with a cat though this will have to suffice.
The matrix is complicated.
Just an observation. I've noticed when the financial channels and media discuss this latest financial crisis, Lehman is rarely mentioned. Bear Stearns and WAMU are the comparisons. I find it a bit odd.
PFP - Easy peasy. Class: Purgatory.
https://en.wikipedia.org/wiki/Purgatory
Why? TBD
Many IHub boards are full of opinion posts like yours. Throw a stone.
LBH POR It's not easy being hybrid.
US FED. Corporations are persons.
Bob Diamond (formerly CEO of Barclays) was speaking on CNBC a few minutes ago about about opportunities for US banks to acquire depressed bank assets this situation . He continued talking about how fortuitous the Lehman "acquistion" was in growing Barclays banking business. I'll try to post a video clip is later unless someone else does first.
If any one is interested in trading this volatile opportunity, etfs might be less risky than stock picking.
https://etfdb.com/etfs/industry/regional-banks/
ETF's are getting branded. This should be interesting.
https://www.etfstream.com/news/tuttle-capital-eyes-european-etf-market-entry/
https://www.google.com/search?q=cramer+etfs&rlz=1C1OKWM_enUS965US965&source=lnms&tbm=nws&sa=X&ved=2ahUKEwiw9_Gznc79AhV4STABHaMvBHsQ0pQJegQIBxAC&biw=1366&bih=625&dpr=1
Cramer has been ETF'd. Place your bets.
I am not responsible if your search results are different from mine because of algos.
Shipping stocks were mostly green today but I can't fathom why since globalism is so maligned these days.
https://finviz.com/screener.ashx?v=111&f=ind_marineshipping&o=-change
ETF's for everything over the moon.
https://www.google.com/search?q=cramer+etfs&rlz=1C1OKWM_enUS965US965&source=lnms&tbm=nws&sa=X&ved=2ahUKEwiw9_Gznc79AhV4STABHaMvBHsQ0pQJegQIBxAC&biw=1366&bih=625&dpr=1
Cramer has been ETF'd. Place your bets.
I am not responsible if your search results are different from mine because of algos.
JHawg - Too funny after all of these years. Thanks for the giggle.
Newflow - Just an FYI but I am getting a "site not secure" message for those links. A bit odd for a law firm.
And just how did you "almost bought some"?
Coyote Ugly
My apologies if this was posted earlier and I missed it.
March 16, 2021
Lehman Brothers Holdings Inc. Files New Adversary Proceedings Against Mortgage Brokers
Bilzin Sumberg
If you thought Lehman Brothers Holdings Inc. (“LBHI”) was done suing lenders as a result of its settlements with RMBS trustees years ago, think again. LBHI recently filed a new wave of lawsuits against approximately 60 defendants, mostly mortgage brokers, in the bankruptcy proceedings currently pending in the U.S. Bankruptcy Court for the Southern District of New York, and more may still be to come. As it did with the nearly 190 mortgage originators that it sued in 2018 in the same bankruptcy proceedings (the “2018 Adversary Proceedings”), LBHI seeks the remedy of contractual indemnification, alleging breaches of representations and warranties at the time certain loans were sold or brokered.
The difference between these proceedings and the 2018 Adversary Proceedings (some of which are still being litigated) is that many of these new lawsuits target entities that entered into Broker Agreements with LBHI’s affiliate, Lehman Brothers Bank. These Broker Agreements contain more advantageous provisions for the defendants than the Loan Purchase Agreements, which should make these proceedings significantly harder for LBHI to litigate successfully. The broker agreements generally contain “prevailing party” provisions regarding attorneys’ fees, and representations and warranties that may require “knowledge” by the broker of any alleged misrepresentation (including alleged borrower misrepresentations) concerning the loans. In the 2018 Adversary Proceedings, LBHI’s claims of defective loans have mirrored the claims asserted against it by the RMBS trustees, claims that in many instances were backed by types of arguments and evidence that the bankruptcy judge characterized at the time as weak and “flimsy.” In the recently filed cases against brokers, even if LHBI were able to prove that the loans contained misrepresentations, it might still have to show, among other things, that the broker knew about the misrepresentations.
In its pleadings (and other papers served in the 2018 Adversary Proceedings), LBHI states that its claims will be limited to (1) what it considers the four principal misrepresentation types, which are (a) income, (b) employment, (c) occupancy, and (d) debt, plus (2) claims that LBHI conceded in the underlying proceeding against the RMBS trustees, which included not only “misrepresentation” claims but also some “regulatory” claims and “particularly egregious” underwriting claims. As for the “misrepresentation” claims, LBHI states that it will exclude loans from this group that (a) performed for more than three years, (b) have breaches supported by “less reliable” evidence, or (c) involved solely “missing document” claims.
It is not clear at this time whether LBHI will attempt to consolidate these new proceedings with the 2018 Adversary Proceedings, which have now gone through more than two years of document productions and written discovery. That seems implausible — but, then again, so did the notion that new lawsuits would still be getting filed about loans sold or brokered 14 to 18 years ago.
https://www.jdsupra.com/legalnews/lehman-brothers-holdings-inc-files-new-8918816/
Pagello - Cat got your tongue? I see a retest of the 380 area for SPY this week or next. Chime in please if your clock still works.
https://www.marketwatch.com/economy-politics/calendar
JHawg - This will close out. Eventually...and mostly when no one is expecting it.
Sidedraft - The expert market. Crapshoot. The bottom had fallen much lower before as you know. The recent rise was a test?
https://en.wikipedia.org/wiki/Craps
Joe is asking the most important question, which was also going to be mine had we continued our lovely debate: Lehman says TODAY that there will be no NOLs left because of anticipated COD income. Why should anyone believe your crazy convoluted theories over that simple, direct statement?
Because it isn't easy being hybrid and well you know NOLs are a thing.
Pagello - I really appreciate your chart. Thank you. Any updates?
https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=3&mn=0&dy=0&id=p82796637311&a=1216316116
Another view: https://stockcharts.com/freecharts/gallery.html?SPY
Speaking of photons phucking with your brain
DWAC or AMC
https://stockcharts.com/freecharts/gallery.html?dwac
https://stockcharts.com/freecharts/gallery.html?amc
Which one would you pick for the best trade long or short within the next week and why?
JHawg - You're welcome. :)
https://www.morningstar.com/articles/1133056/the-small-advantage-for-active-fund-investors
He nailed it last year. This year could be more difficult for many reasons. Do you feel lucky or special?
"There's no point anymore beyond the intellectual pleasures of arguing, which on this board are sadly limited"
On this point we also agree. That's progress. GLTA
.
TenKay - Just posting a link with an explanation that clearly shows an very uneven playing field. I'm not surprised nor am I involved in any of the stocks mentioned. I know the topic of shorting penny stocks is riddled with a complexity that still seems to flourish keeping both sides active. If only it were simple right?
I don't feel I misread anything. I'm a pretty good reader. Thanks for your support!
https://www.youtube.com/shorts/VvAIP0by4bw
Laugh! I am.
I don't feel I misread anything. I'm a pretty good reader. Thanks for your support!
https://www.youtube.com/shorts/VvAIP0by4bw
Laugh! I am.
First I will confess I haven't read a many of the posts here recently. So if this has been posted earlier, please understand.
"Different action that can appear to be naked shorting
Lamensdorf said the illegal naked shorting that Verb Technology Co. VERB, +69.65%, Genius Group Ltd. GNS, +45.37% and other microcap companies have been recently complaining about might include activity that isn’t illegal.
An investor looking to short a stock for which shares weren’t available to borrow, or for which the cost to borrow shares was too high, might enter into “swap transactions or sophisticated over-the-counter derivative transactions,” to bet against the stock,” he said.
This type of trader would be “pretty sophisticated,” Lamensdorf said. He added that brokers typically have account minimums ranging from $25 million to $50 million for investors making this type of trade. This would mean the trader was likely to be “a decent-sized family office or a fund, with decent liquidity,” he said."
https://www.marketwatch.com/story/why-naked-short-selling-has-suddenly-become-a-hot-topic-11674503568?mod=mw_more_headlines
And that explanation does leave a bit of room for questions.
"I wouldn't mind being wrong. I just don't think it's going to happen."
There's your nuts in a shell, clearly stated. The CT's are on the OTC expert market with constricted trading and low volumes. So not much chance that anything posted on this board will change or influence the price one way or another until released from the courts (POR) completely.
So do I. We have that in common.
No challenge just an observation. Somebodies want this pot to boil.
https://www.nytimes.com/2023/01/13/podcasts/transcript-ezra-klein-podcast-katharina-pistor.html
And don't read that or listen. My eyes are now crossed and my head turned backwards.
I'm impressed. #12 on IHub's most read board. Heads might explode if a few posters can get it to #1.