JJPK
3 days ago
Happy Valentines Day.
Que The Doors "This is the End"
NOTICE OF THIRTIETH
DISTRIBUTION DATE AND RECORD DATE IN CONNECTION
WITH THE MODIFIED THIRD AMENDED JOINT CHAPTER 11 PLAN
OF LEHMAN BROTHERS HOLDINGS INC. AND ITS AFFILIATED DEBTORS
PLEASE TAKE NOTICE:
? In accordance with sections 1.48 and 8.3 of the Modified Third Amended Joint Chapter 11
Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors, dated December 5, 2011
[ECF No. 22973] (the “Plan”),1
and the Order in Aid of Execution of the Modified Third
Amended Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors,
dated January 31, 2013 [ECF No. 34348] (the “Order”), the thirtieth Distribution Date is
scheduled for April 3, 2025 (the “Thirtieth Distribution Date”).
? Pursuant to section 8.11 of the Plan and the Order, for purposes of the Thirtieth Distribution
Date, the Plan Administrator will not recognize any transfer of Claims after February
22, 2025 (the “Record Date”).
? The Plan Administrator may not make any Distribution to a holder of an Allowed
Claim unless such Claim holder has submitted or submits, on or before March 5, 2025,
both the appropriate (i) Internal Revenue Service tax form (“Tax Form”) and
(ii) certification pertaining to Office of Foreign Assets Control compliance (“OFAC
Certification”). For further information concerning the Tax Form and OFAC Certification,
1 Capitalized terms used but not defined shall have the meanings ascribed to them in the Plan.
08-13555-mg Doc 61752 Filed 02/14/25 Entered 02/14/25 12:29:29 Main Document
Pg 1 of 2
2
WEIL:\99926443\1\58399.0011
please review the Notice to Holders of Allowed Claims Regarding Plan Distributions, dated
February 15, 2012 [ECF No. 25392]. Copies of the Tax Form and form for OFAC
Certification are available at www.lehman-docket.com. Consult the claims register on this
website to determine whether a Tax Form previously submitted is still valid.
Copies of the Plan and related documents are available for inspection during regular business
hours in the office of the Clerk of the Bankruptcy Court, Alexander Hamilton Custom House,
One Bowling Green, New York, New York 10004. Copies are also available for registered users
of the Bankruptcy Court’s filing system by accessing the Bankruptcy Court’s website
(www.nysb.uscourts.gov) and for all parties at www.lehman-docket.com.
Dated: February 14, 2025
New York, New York
edbk46
2 weeks ago
first of the three
ew HUD Chief Sets Sights on Fannie, Freddie, Cost-Cutting and New Name
Scott Turner says he plans to quickly launch a review to root out inefficiencies at the agency
By
Gina Heeb
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,
AnnaMaria Andriotis
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and
Corrie Driebusch
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Feb. 5, 2025 7:11 pm ET
Gift unlocked article
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(5 min)
Scott Turner would like to change the name of HUD.
Scott Turner would like to change the name of HUD. Photo: Kevin Dietsch/Getty Images
Scott Turner, who was confirmed Wednesday to lead the Department of Housing and Urban Development, said a cross-government effort to privatize Fannie Mae FNMA 9.12%increase; green up pointing triangle and Freddie Mac FMCC 6.10%increase; green up pointing triangle will be a priority as he takes the helm of the agency.
In an interview with The Wall Street Journal, Turner said HUD would work with the Treasury Department and Congress on privatization of the mortgage-finance firms and that he would act as a “quarterback” of sorts in the process. The efforts to free the firms from government control would also involve the Federal Housing Finance Agency, which oversees Fannie and Freddie.
“There are partners that will be at the table and obviously we’ll be one of them,” said Turner, a former NFL player and Texas lawmaker. “When you’re a quarterback, you’ve got to work with the entire huddle.”
Separately, advisers, lawmakers and bankers have passed around proposals detailing how privatization could support the Department of Government Efficiency, the cost-cutting effort led by Elon Musk, according to people familiar with the discussions. Other proposals have discussed using proceeds from any transaction to fund the tax reforms Trump has promised.
There is no guarantee a plan will come together quickly or be carried out, not least because it remains to be seen how much of a priority privatization is for Trump.
A different HUD
Turner says he will move quickly to launch a broad review to root out inefficiencies and streamline HUD, which aims to improve home affordability and access and oversees the Federal Housing Administration. All programs and policies “will be looked at with a fine-toothed comb,” he said, including those related to diversity, equity and inclusion.
Also under discussion are return-to-office policies that would likely drive some workers to leave.
The changes will come at a fragile moment in the U.S. housing market, with many Americans priced out by elevated mortgage rates and prices.
Trump has called for departments and agencies to pursue policies that would lower housing costs. He has also sought cuts to the federal government, a crackdown on DEI initiatives, tariffs and mass deportations, moves that have drawn criticism from some housing advocates who say they will worsen affordability and accessibility.
Turner will seek to ease federal regulations to help lower housing costs and encourage state and local governments to do the same. He said he would continue to work on so-called opportunity zones, which were touted in the first Trump administration as a way to encourage investment in low-income areas.
The administration plans to allow more building on federal lands, which Turner said could include rural, urban and tribal areas. He plans to travel around the country, in part to see what land is available.
Turner would like to change the name of HUD to better reflect its reach, which he said should include rural and tribal communities. A new name would “take a lot of time and conversation and thought,” he said, and require congressional support.
Privatization efforts
Fannie and Freddie bundle and sell mortgages, with a government-backed guarantee to protect investors from losses when homeowners default. That allows banks and others to originate more 30-year, fixed-rate mortgages.
Skeptics have cautioned that privatizing Fannie and Freddie could, if not done carefully, drive away buyers of mortgage-backed securities and lead to higher mortgage rates.
As part of the 2008 financial crisis rescue, the Treasury Department got warrants to purchase about 80% of Fannie and Freddie’s common shares, as well as senior preferred shares. Other investors own junior preferred shares and common shares.
At least one proposal circulating among members of Trump’s team in recent months that was seen by the Journal estimates the privatized entities would be valued above $330 billion, with over $250 billion of that coming from the warrants’ conversion to common shares.
Fannie and Freddie would raise another $20 billion to $30 billion from new investors as part of the plan, akin to an initial public offering. A raise of that size would put it on par with the largest IPOs of all time.
Privatizing Fannie and Freddie was touted as a way to “deliver a win for President Trump,” according to one memo circulated late last year among members of the transition team and Congress and viewed by The Wall Street Journal.
Politicians, policy analysts and bankers have grappled for years with whether there is a practical way to release Fannie and Freddie from government control. Attempts to do so before, including in Trump’s first term, were short-lived because of how complex such a transaction would be. The Obama administration had also punted on the question of what to do with the firms.
Write to Gina Heeb at gina.heeb@wsj.com, AnnaMaria Andriotis at annamaria.andriotis@wsj.com and Corrie Driebusch at corrie.driebusch@wsj.com
Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
toss up between lehman and wmi as the next to fall
libor SJ decision next
edbk46
Jersey
just a simple three hits in a row
a yo then aces then a twelve
being greedy
come out is an eight hard way hit next throw
toogoodfella
2 weeks ago
RE: If 333,000 stays unsold:
Interest @ 6% = 19,900/year
----//-----///-----
If 1,000,000 is making 6% Percent interest:
60,000 per year and my descendants will continue to receive it if i die.
If 1,000,000 is sold,
Total proceeds: 667,000 lump sum
toogoodfella
2 weeks ago
LONG TERM CAPITAL GAIN TAX IN CALIFORNIA 20 Percent Federal, 13.3 Percent state.
TOTAL ?? 33.3 percent.
If your gain is 1,000,000:
Total tax = 333,000
If 333,000 stays unsold:
Interest @ 6% = 19,900/year
cottonisking
2 weeks ago
AI Overview
+1
BlackRock owns a percentage of Barclays, but Barclays previously owned a stake in BlackRock.
BlackRock's ownership of Barclays
As of January 25, 2024, BlackRock owned 8.6% of Barclays PLC
In February 2023, BlackRock owned 8.7% of Barclays Bank Plc (BCS)
Barclays' previous ownership of BlackRock
In 2009, Barclays sold its asset management firm Barclays Global Investors (BGI) to BlackRock
In 2012, Barclays sold its nearly 20% stake in BlackRock for $6.1 billion
BlackRock and Barclays' other transactions
BlackRock purchased BGI from Barclays for £4 billion in cash and a 19.9% stake in the new business
BlackRock also holds stock options for Barclays
AI Overview
+1
No, BlackRock owns Barclays Global Investors (BGI), not the other way around. BlackRock acquired BGI in 2009 for $13.5 billion. The deal made BlackRock the world's largest asset manager.
Explanation
In 2009, BlackRock purchased BGI, which included the iShares ETF platform.
The deal was a landmark in the industry.
The acquisition more than doubled BlackRock's assets under management.
The deal also helped BlackRock become the world's largest ETF provider.
AI Overview
According to current information, the "Lehman Brothers" trademark is currently owned by Barclays Capital Inc., as they acquired the mark from Lehman Brothers during its bankruptcy proceedings and continue to use it, even in a limited capacity, to manage the remaining assets of the defunct company;.
Key points about the Lehman Brothers trademark:
Current owner: Barclays Capital Inc
Acquisition method: Purchased during Lehman Brothers bankruptcy
Usage: Barclays still uses the mark for managing legacy assets and winding up Lehman Brothers business
cottonisking
2 weeks ago
Continue with BlackRock,
In June 2023, BlackRock filed an application with the United States Securities and Exchange Commission (SEC) to launch a Spot Bitcoin Exchange-Traded Fund (ETF), and in November 2023 it filed another application for a Spot Ethereum ETF. The spot bitcoin ETF filing and 10 others were approved on January 10, 2024.[58][59] On January 19, 2024, the iShares Bitcoin Trust ETF (IBIT) was the first spot bitcoin ETF to reach $1 billion in volume.[60]
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In July 2023, the company appointed Amin H. Nasser to its board.[61] Nasser, the Chief Executive Officer of Saudi Aramco, the world's largest oil company, will fill Blackrock's board vacancy left by Bader Alsaad in 2024.[6
https://en.m.wikipedia.org/wiki/BlackRock
cottonisking
2 weeks ago
] In May 2009, BlackRock Solutions was retained by the U.S. Treasury Department[30] to analyze, unwind, and price the toxic assets that were owned by Bear Stearns, American International Group, Freddie Mac, Morgan Stanley, and other financial firms that were affected in the 2007–2008 financial crisis.[31][32] The Federal Reserve allowed BlackRock to superintend the $130 billion-debt settlement of Bear Stearns and American International Group.[33]
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In February 2010, to raise capital needed during the financial crisis, Barclays sold its Barclays Global Investors (BGI) unit, which included its exchange traded fund business, iShares, to BlackRock for US$13.5 billion and Barclays acquired a near-20% stake in BlackRock.[34][35
https://en.m.wikipedia.org/wiki/BlackRock