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Wednesday, February 26, 2014 12:25:43 AM
From Wikipedia:
<<Barclays had a potential liability of $2.5 billion to be paid as severance, if it chooses not to retain some Lehman employees beyond the guaranteed 90 days.>>
It remains possible IMO that the CTs are these potential liabilities that could be structured as severance for former Lehman employees.
Barclays routinely denied assuming debt in Court relating to the purchase agreement with any Lehman property.
This denial with the deferment of coupons for 20+ quarters makes for secrecy and plausibility Barclays prefers.
mojo
“The ideas of debtor and creditor as to what constitutes a good time never coincide," P.G. Wodehouse, Love Among the Chickens
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