Some nice prof archived the docs on Stanford.edu and they likely got leaked to the public during the bankruptcy.
"An IPO would return Fannie and Freddie to their pre-2008 state, when they were publicly traded companies backed by the US Treasury. They were placed under government control on September 7, 2008, after facing massive losses amid crashing home values. A week later, Lehman Brothers collapsed, sparking a global financial crisis."
With the GSEs about to hit NYSE - it's time LBHI has to disclose all that 9/12/08 collateral of GSE PFD, bonds, even the banks own 1.5M FNMA and 450K FMCC commons.
There's enough to blow through the rest of the claims even well past the plan trust share holders in Class 12 who held the commons that were never cancelled.
Goldman Sachs is one firm that was reported in 2017 on a now deleted Bloomberg article I archived to be insuring all the LEH (LEHMQ) common shares that HF's and others shorting the stock to pennies never bought back to cover the short so they could avoid paying taxes and put claims in during the bankruptcy if the commons were cancelled. Instead they delisted and issued 1 Plan Trust share rep every common shareholder. Goldman thus owns these shares that they lent to short sellers who did this and SEC rules have Goldman (and I'm sure others) insuring each common share for $2.50 USD expecting they'd recover something in Class 12.
These banks were all in as much as the Bush administration and it's cabinet/NY Fed on what actually happened.
Of course they'd be putting insurance on these shares that short sellers never covered for commons. They all know the truth and this was during 2017 this story went out. Trump 1.0.
Trump probably actually almost began his run in 2012. He waited until 2016 even thought the first Trump Force 1 was bought by Trump before the 2012 season.
A guy like POTUS Trump has banks gleeful on the tailend of what they aided the Bush admin in stealing when it was guaranteed $$$ for them and their envious institutions that all hated Lehman's success in the 2000's and without even donating to politicians ($30,000 in 8 years). Meanwhile they were using the most highly rated and reputable AAA rated corp securities and instruments for their daily cash repo.
Go figure.
I've become friends with a Lehman alumni - he left in the good times to go start his own thing and crush it on a long term vision across the globe that is run by Trump's closest head of state in a foreign country.
It's time for justice - capitalism should be a competition and laud those that succeed without leaning on the govt and ultimately the power the people and their money give these past traitors to go to envious priv sec CEOs to take down a titan that doesn't do a thing to the taxpayers dollars in it's success and creates wealth providing jobs across the world for Americans far and wide.
I really hope we get the true story - and not some corny fake movie about Michael Burry. The true story of Lehman. Tired of this country making the good actors and people who achieve without harming taxpayers and give many jobs to Americans to work for high returns by paying in corp stock which drives value for the shareholders too.
I was too young to appreciate that era doesn't mean I can't appreciate it today and laud these people before the truth eventually is out.
Thanks for reading my findings. You guys are all great. Lot's of s c u /V\ on GSE boards - go figure. Who even knows if those guys are real retail shareholders etc. Lehman board is full of people who seems to come from the same angle as I do on 2008. I fully believe that $ is still there. Why wouldn't it be the way the CH 11 has been handled is to hold onto every asset with no time limit to close up the CH 11 early so long as a day comes where the box the CFO checked on the 9-14-08 CH 11 filing about all creditor claims being paid in full [x] YES - and his obvious knowledge that we all share here now of the books probably didn't even make him hesitate on that outcome.
The Bros Always Win
I'm disappointed Lehman Brothers will never return. Fuld's too old now. But had it still existed and the 08-16/20-24 periods never happened... it would've been around another 150 years.
I hope we can work back to that America.
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