I've never understood why there was never an equity committee put together to represent applicable shareholder interests. I understand that there has been debate about the TRUPS, with regards to which class they actually reside, but geez. 10 years and still in limbo??? I would have never believed as big as Lehman was that it would just fade into oblivion. If they had filed chapter 7 I never would have even bothered with it, but they filed for chapter 11--which normally would mean reorganization. But, like I said, way over my head.
They must have really had some enemies in DC. One for sure was the former Treasury Secretary, AKA former Goldman VIP.
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