Lehman Brothers Financial SA (LEHNQ)

[ron_66271]

F&F Purchased $500 Billion WMB RMBS.

According to the FDIC,
WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.

This is how the banks keep themselves in the cash flows.

WaMu bought F&F and Lehman’s bond’s and Preferred Shares, common’s too.

Lehman’s did the same.

Mortgage payments are still being paid into the RMBS Trust accumulated in DST.

LIBOR is settling the currency manipulation by TBTF to control Derivatives insurance to cover RMBS losses.
The RMBS are insured by CDS (derivatives) written by TBTF to cover all of the losses.

2008 was a Derivative Market Meltdown and TBTF didn’t have the money to cover the losses.



Ron