Posted on 10/07/2012 10:44:32 AM PDT by george76
The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled litigation over $38 billion of asset claims, a major step toward customers and creditors recovering money.
...
Lehman emerged from bankruptcy in March, and has paid out or plans to pay out $33 billion of an expected $65 billion to creditors, recovering an average of 21 cents on the dollar
(Excerpt) Read more at ca.finance.yahoo.com ...
Too big to fail was a scam. AIG, Goldman Sachs, GM and any other company should have been forced into real Bankruptcy. They all made bad bets. Investors getting 21 cents on the dollar is more than they deserve. With Tarp, the Government decided the winners and losers. Obama talks about how Frank Dodd increased regulations, but where are the indictments? Holder is not going after anyone in Wall Street and bringing them to justice. Holder is too busy breaking the law himself or helping others break the law.
Too big to fail was a scam. AIG, Goldman Sachs, GM and any other company should have been forced into real Bankruptcy. They all made bad bets. Investors getting 21 cents on the dollar is more than they deserve. With Tarp, the Government decided the winners and losers. Obama talks about how Frank Dodd increased regulations, but where are the indictments? Holder is not going after anyone in Wall Street and bringing them to justice. Holder is too busy breaking the law himself or helping others break the law.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.