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TMFAleph1 (95.17)

Revealed: Who Profited From Lehman's Fall

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April 15, 2010 – Comments (2) | RELATED TICKERS: GS , BAC , JPM

My thoughts on newly released information fromn the bankruptcy examiner's report.

All (constructive) feedback is welcome

2 Comments – Post Your Own

#1) On April 15, 2010 at 7:29 PM, UltraContrarian (31.72) wrote:

"All (constructive) feedback is welcome"

Like a lot of TMF news articles, this article's biggest problem is that it is obviously a tertiary source, yet does not link to any primary or secondary sources.  For example when you write that the transfer payments may have been fraudulent it is completely unsupported by any explanation (which I think the claim deserves and demands.)

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#2) On April 16, 2010 at 12:02 AM, TMFAleph1 (95.17) wrote:

UltraContrarian,

Thanks for your comment.

I did not write that the transfer payments may have been fraudulent, I simply relayed one of the bankruptcy Examiner's conclusion, according to which, "an argument can be made that the transfers at issue were fraudulent transfers".

This is contained in the bankruptcy Examiner's report -- a primary source that I referenced at the bottom of the table in the article. The report is publicly available; you can read the Examiner's arguments in support of the assertion on page 315 of the following document:

Examiner's Report, Volume 5- Section III.B: Avoidance Actions; Section III.C: Barclays Transaction

Best,

Alex Dumortier

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