Friday, October 11, 2019 12:37:53 PM
It's been 11 years.
11 years of paying legal & restructuring fees.
11 years of paying distributions, many of which have gone to claims that were not guaranteed payment ahead of subordinated issues.
11 years of defaults on notes with corporate guarantees and extended stays to overlook arranged deferment periods.
Why should the remaining creditor list include LBHI competitors who extorted & looted Lehman, it's subsidiaries and investors and lobbied the Government to hang them out to dry?
Fuld could have been fired by approaching the Board and requesting a change in management and all of them know this.
Instead, the more hell they could create in the markets while they stood at the Fed Discount Window with their hands out while re-writing their underwriting requirements worked out for them and their bonuses and stock prices.
And, they took cybercurrency, cannabis and total crap, fraudulent app companies public losing billions while screwing over their commitments and hiring foreign nationals.
Outrageous.
mojo
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