Lawsuit alleges JPM execs profited from "inside" info. on Lehman collapse.

Discussion in 'Wall St. News' started by wilburbear, May 26, 2010.

  1. A bankruptcy-court examiner found in a recent report that Lehman could pursue a legal claim against J.P. Morgan for making "excessive collateral requests,"

    I like that. What is an "excessive collateral requests," ?????

    Uhmnnn. say we go from 40 -1 down to 20 -1 think that's excessive? Oh sorry, we go from 40-1 down to 10 -1, is that excessive?

    How about this, your paper is worth shit and so is mine now.

    Ehhh. Excessive collateral request. probably a whole new ballgame. Maybe we'll all get a free ride on a margin call (if it's excessive), ya think?
  2. Sure - the SEC got on that right away. Remember they published who got so lucky in the news?