Replies to post #95384 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Because China has their own Lehman moment going on right now. And near 13 year Lehman's BK anniversary of September 12, 2008.

[cottonisking]

"The Fiduciary Duty
Black's Law Dictionary defines a “fiduciary duty” as: “A duty to act for someone else's benefit, while subordinating one's personal interests to that of the other person.” ... Fiduciaries must avoid anything that would be a conflict of interest between themselves and principals.May 14, 2016"

https://thelawdictionary.org/fiduciary/

If LBHI and the BNYM had filed the CTs' covenants anytime after 9/15/2008, LBHI's extra cash flow would be more restricted today.