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Re: Blind Bus Driver post# 11691

Saturday, 10/04/2008 8:54:45 AM

Saturday, October 04, 2008 8:54:45 AM

Post# of 731930
Everyone needs to email a copy of this Bloomberg article to Sen. Cantwell. JPM's action on Wamu needs to be investigated. If they screwed LEH, they screwed Wamu.

http://www.bloomberg.com/apps/news?pid=2...

Oct. 3 (Bloomberg) -- JPMorgan Chase & Co., the main lender and clearing agent for Lehman Brothers Holdings Inc., caused the liquidity crisis that led to Lehman's collapse, creditors said.

JPMorgan had more than $17 billion of Lehman's cash and securities three days before the investment bank filed the biggest bankruptcy in history on Sept. 15, the creditors committee said in a filing late yesterday in bankruptcy court in Manhattan. Denying Lehman access to the assets on Sept. 12, the bank ``froze'' Lehman's account, the creditors claimed

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