"Jan Rasmussen" <1@1.1> skrev i en meddelelse news:48cea0de$0$56767$edfadb0f@dtext02.news.tele.dk...
> "Lyrik" <lyrikfjern@heaven.dk> skrev i en meddelelse news:gam69b$1ea6$1@newsbin.cybercity.dk...
>>
>> "Bunden er faldet ud af kapitalisternes kasser, det frie fald er igang!"
>
> No Shit,,,
>
>
http://borsen.dk/markedsberetninger/nyhed/140403/
> "Lehman Brothers' konkurs var ikke den eneste dårlige nyhed fra USA, der sendte aktiemarkederne i
> knæ. Kriseramte Merrill Lynch blev overtaget af Bank of America, og i løbet af dagen tiltog
> rygterne om, at verdens største forsikringsselskab AIG er på randen af konkurs."
http://www.bloomberg.com/apps/news?pid=20601110&sid=aMzto.jVWjD4
Lehman Owes Largest Unsecured Creditors $157 Billion.
Sept. 15 (Bloomberg) -- Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, owes
its 10 largest unsecured creditors more than $157 billion, including debts to bondholders totaling
$155 billion and debts to at least seven Japanese bank lenders totaling $1.62 billion.
The largest single creditor listed in the Chapter 11 filing today in U.S. Bankruptcy Court in New
York is Aozora Bank Ltd., based in Tokyo, owed $463 million for a bank loan. Other top creditors
include Mizuho Corporate Bank Ltd., owed $382 million, and a Citigroup Inc. unit based in Hong Kong
owed an estimated $275 million, according to the filing.
``This is the tip of the iceberg. They have more than 100,000 creditors,'' said Peter Chapman,
president of Bankruptcy Creditors' Service Inc., which monitors large Chapter 11 cases for
interested parties. ``These are just the 30 that get invited to be on an unsecured creditors'
committee.''
Lehman said the loans are unsecured, meaning they're not backed by collateral and will be repaid
after secured creditors are paid. The New York-based bank listed total debts of $613 billion and
$639 billion of assets.
``The majority of our exposure is to operating companies other than to the ultimate parent company,
Lehman Brothers Holdings,'' Mizuho Financial Group said in a statement on its Web site. ``Our net
exposure is significantly less than reported.''
Masaaki Harada, a Tokyo-based spokesman for Aozora, said the bank was still calculating the extent
of its debt to Lehman.
Bondholder Trustees
Lehman said its largest unsecured creditors were Citibank NA and Bank of New York Mellon Corp. in
their roles as trustees for bondholders owed an estimated $155 billion. Bond trustees serve an
administrative role and aren't liable for debts to noteholders.
Senior unsecured noteholders are owed $138 billion, subordinated unsecured noteholders are owed $12
billion and junior subordinated noteholders are owed $5 billion.
Other Japanese banks that are Lehman creditors include Shinsei Bank Ltd., owed $231 million;
Mitsubishi UFJ Financial Group Inc.'s UFJ Bank affiliate, owed $185 million; Sumitomo Mitsui
Financial Group Inc.'s banking unit, owed $177 million; Shinkin Central Bank, owed $93 million; and
Chuo Mitsui Trust & Banking, owed $93 million.
Mitsubishi UFJ Financial Group is a holding company established through the merger of Mitsubishi
Tokyo Financial Group and UFJ Holdings in 2005.
Lehman's most senior bondholders may get about 60 cents on the dollar if the investment bank is
forced into liquidation, analysts at CreditSights Inc. said. The filing is by Lehman's holding
company and won't include any subsidiaries, according to the company.
Jan Rasmussen