Monday, July 24, 2023 3:03:32 PM
Yes, this explains why the deposit was required by JPM when Barclays hired them.
It also explains why Barclays agreed to assume corporate liability guarantees in their purchase agreement.
There are 12M 'Fs' not 120k; maybe it's a typo.
However, BNYM's list of Lehman Subordinated Notes totals $10.176B including the subordinated CTs.
How do these preferreds on JPM's list get paid ahead of the BNYM subordinated?
Maybe, this is why we haven't been paid.
Good luck! mojo9
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