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Posted By berkeley 1 year, 1 month ago in Business & FinanceOne advance of $87 billion was made on Sept. 15 after the pre-dawn filing, and another of $51 billion was made the following day, according to a bankruptcy court documents posted today. Both were made to settle securities transactions with customers of Lehman and its clearance parties, the filings said.
The advances were necessary ``to avoid a disruption of the financial markets,'' Lehman said in the filing.
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berkeley1 year, 1 month ago
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totally unbelievable. they have no sense of decency.
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