Looks like the FSA helped Barclay's get a sweeter deal then the "Barclay's Initial Bid". You see how these scumbags operate. I really hope they catch a s*#@storm over this.
The import of the narrowly tailored list of documents identified in the letters of request to the prosecution of the rule 60(b) Motions cannot be overstated. On the eve of bankruptcy, specifically during the weekend of September 14, 2008, Barclays bid to purchase all or a portion of Lehman Brothers ("Barclays' Initial Bid"). At the eleventh hour, however, the FSA withheld approval of Barclay's Initial Bid on Sunday, September 14, 2008. Lehman Brothers promptly thereafter sought bankruptcy protection (the next day), on Monday, September 15, 2008. Four days later, this court approved Barclays aquisition of the North American broker-dealer business through a section 363 sale -- less than one week after the FSA withheld approval for Barclays' Initial Proposal.
