Complaint attached below…
Lehman sues BofA, Barclays over $150 million assets
NEW YORK (Reuters) – A unit of Lehman Brothers Holdings Inc (Other OTC:LEHMQ.PK – News), which filed the largest U.S. bankruptcy, has sued Bank of America Corp (NYSE:BAC – News) and a Barclays Plc (LSE:BARC.L – News) affiliate to stop the liquidation of $150 million of collateral that Lehman says belongs to creditors.
Lehman Brothers Special Financing Inc said in the lawsuit it is a party to swap agreements related to a collateralized debt obligation for which Bank of America serves as trustee and Long Island International Ltd, the Barclays affiliate, is a “controlling” investor.
Lehman said it has a “priority payment right” to collateral tied to the CDO, Ceago ABS CDO 2007-1, but that Bank of America’s actions allow Long Island to direct that the swap agreements be terminated and the collateral liquidated.
This, Lehman said, would violate U.S. bankruptcy law, and “cost the bankruptcy estate and its creditors approximately $150 million,” according to the complaint filed in the U.S. bankruptcy court in Manhattan on Monday night.
Full complaint below…
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4closureFraud.org
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Lehman Brothers Special Financing Inc v. Bank of America NA et al
I will like to no y” Lehman Brothers get a loans form the govermment or form Jpmorgan & Chase co. i d”not like it you all d’not need to get loans you all at Lehman Brothers need to call a meet wet the Investors and Trustree i’am one so the loans can stop ok we can get it on track at Lehman Brothers I”am not gave up me and my grandfother Sports parks ownership or my oil and gas or my Distribution Loads to no one ok i owners some. no more geting Loans Lehman Brothers it time to meet.
I think they are ALL A BUNCH OF CLOWNS, JOKERS, AND BIG FAT WHITE COLLAR CRIMINALS. It is way too ABOVE THEIR CHARACTER to stand up and admit THEY ALL SCREWED UP BIG TIME. I figure by the time they are through with the CHARADES the STATUTE OF LIMITATIONS WILL HAVE RUN OUT on which “THEY” can “COLLECT’ on any of THIS UNSECURED DEBT SO WHY DON’T THEY JUST EAT IT NOW? To admit to THEIR CRIMES would REVEAL that there is SYSTEMATIC FRAUD in the whole system. THE WHOLE CABAL IS GUILTY, PLAIN AND SIMPLE. They just keep coming up with more excuses for WHY THEY BROKE THE LAW during the SECURITIZATION PROCESS. If this was any ONE OF US, WE WOULD BE IN PRISON RIGHT NOW. EVERYONE WILL SOON FIGURE OUT WHAT I ALREADY KNOW AS WELL AS MANY MILLIONS OF OTHERS is that THEY ARE ALL ONE BIG CRIMINAL ENTERPRISE, AND THERE IS NO PAPERING OVER THAT.
Open Letter to Attorney General Elect Pam Bondi Transition Team
We see that in Attorney General elect Bondi’s Transition team, attention is paid to every issue and every on- going investigation to defeat and overturn the National Heath Care Initiative, Medicaid fraud, Medicare fraud, etc… What we do not see is any initiative or transition group dealing with the most serious issue affecting millions of Floridians and the nation in general, that is BANK MORTGAGE FRAUD! No, we are not talking about the few million dollars in mortgage fraud generated by criminals who lied in their loan applications to obtain loans for property; no, we are talking about thieves in business suits, bank CEO’s and corporate hoodlums that created the largest Ponzi scheme in the worlds history that has crippled our economy, the world economy and that has disenfranchised millions of Americans from the rightful ownership of their homestead property.
We just hope and pray that the new Attorney General does not think that this is a problem she will be able to ignore or just sweep under the rug, as this problem is a million times bigger than any issue currently before her office and it will not be ignored, that is a promise that WE THE PEOPLE can guarantee!
Americans United for Justice…
I wonder what this means if you were to have a mortgage within a trust that is in this CDO? Hmmmm, any thoughts?