Replies to post #74221 on Lehman Brothers Financial SA (LEHNQ)

[zulual]

" Recommendations
The Trustee also addressed reforms that he believes merit further study to help avoid repetition of the type of losses that will be experienced by LBI's unsecured and subordinated creditors as a result of the sale to Barclays and the state of Lehman's business at the time of the bankruptcy. The Trustee's recommendations included:

Increasing the Securities Investor Protection Corporation (SIPC) maximum coverage from $500,000 to $1.3 million, and tying future coverage limits to inflation;
Eliminating the distinction between claims for cash and claims for securities; and
Expanding the borrowing and guarantee authority available to SIPC trustees or other liquidators. "

So, anything to do with CTs? TIA

[toogoodfella]

Lol!! The real proof that argus don't understand what he's into.