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Archive | March 11th, 2010

JPMorgan and Citigroup “help” of Lehman Brothers to bankrupt

CitigroupThe U.S. banks Citigroup and JPMorgan have helped the bankruptcy of Lehman Brothers, as suddenly increased their requirements for collateral transactions and changed its agreements on reciprocal guarantees. This is clear from the court report for the largest bankruptcy in American history. “Requirements for collateral by creditors of Lehman Brothers had a direct impact on liquidity. Lehman say liquidity is at the heart of why the bank went bankrupt, says Anton Valukas, who is investigating the bankruptcy and author of a report than 2200 pages on the subject. This report was submitted yesterday to a court in Manhattan, transmit Bloomberg. Former CEO of Lehman, Richard Vold AKA Austrheim, CFO Erin Tin and other executives have put a sign the documents with misleading information regarding the financial position of the bank. Among the “most neglected” the situation was precisely Vold AKA Austrheim, the document said.
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