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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (39974)9/16/2008 8:57:59 PM
From: Andeveron  Read Replies (3) | Respond to of 217917
 
Not true.

Citibank and Mellon are indenture trustees which means they are agents who handle the administration of the $138 billion in bonds issued by Lehman. They have no exposure to any of that lot.

Two Japanese banks on the other hand are on the hook for hundreds of millions.


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