Replies to post #75240 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Definition of quantum
plural quanta play \'kwän-t?\

1
a :quantity, amount
b :portion, part
c :gross quantity :bulk

2
a :any of the very small increments or parcels into which many forms of energy are subdivided
b :any of the small subdivisions of a quantized physical magnitude (such as magnetic moment)

[s404n1tn0cc]

........Full.....0001

I think there is an error.." These claims are subordinated to the claims of unsubordinated, unsecured creditors and will only
be entitled to receive distributions if the unsubordinated, unsecured creditors have been paid in full, including statutory interest. :
I thought we agreed that there was only an agreement to be "Satisfied in Full"
Was there a change in stipulation.?? I do believe it was "satisfied in full" IMO

[cottonisking]

"JP Morgan argued at the hearing that because Ambac didn’t do a loan by loan due diligence of their own, where they might have discovered that Bear Stearns was lying before they insured it, that Ambac shouldn’t be able to bring a fraud claim. Ambac’s response was that wasn’t practical or normal course of business in these transaction because they relied on what Bear Stearns told them about what was in the security and on the due diligence reports Bear paid a third party to do for insurers. Ambac said, Bear Stearns wasn’t a fly by night bucket shop that needed its work to be checked and rechecked but a bulge bank with years of reputation and transactional trust built into the market."

http://www.teribuhl.com/2016/01/27/jp-morgan-pays-off-ambac-for-full-amount-of-rmbs-fraud-claim/comment-page-1/