Replies to post #17659 on Universal Express Inc fka USXP

[lucmariepierre]

I think they wanted to do like lehman brother a big bank down by NSS and with high debt

But the debt in bank system is necessary sometimes

For universal express they had 21 millions in debt not recoverable

They prétexted same than lehman brothers bank or Indymac or Washington mutual

They can’t get FDIC money they aren’t a bank. Only AIG and Bank of America

But why they won USXP 700 millions against them in 2003 : they are in recevership because never got those appeal 700 millions to the Supreme Court at least for shareholders recoveries or divvies