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Re: None

Monday, 01/03/2022 3:22:12 AM

Monday, January 03, 2022 3:22:12 AM

Post# of 111527
LBI is the brokerage arm of LBHI. CTs are LBHI subordinated debt. Barclays initially wanted to buy all of LBHI but the gov would not guarantee the mortgage losses of LBHI, so it fell through and Barclays only bought LBI.

The CT obligations remained with LBHI.
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