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Loan Modification

: Mortgage Lender Implode-o-Meter

Lehman Sued Over $450 Million Bermuda Repo `Abuse'

By Implode-Explode Heavy Industries

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"Lehman Brothers Holdings Inc. was sued for an ?abuse? of repurchase agreements that effectively ?looted? $450 million from a Bermuda reinsurance unit when the assets were pledged to the unit?s biggest lender"

Full post as published by Mortgage Lender Implode-o-Meter on January 27, 2011 (boomark / email).

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