Sunday, June 11, 2023 9:24:22 PM
My concussion; if Lehman’s was truly broken and insolvent, then the attorneys would have nothing to bill to.
Attorneys need a pocket to feed from.
Lehman’s like WMI/WMB are both Solvent.
Same for F&F.
The 2008 Credit Crisis was all about the Derivative Market Meltdown as the Insurance policy protecting the ABS losses.
Most of the Derivative Contracts are LIBOR Based.
Owner of Series P,
Ron
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