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whether that transfer was legitimate or not (if they owed the money, then, even if Lehman is bankrupt, it can be argued that the payment had to be made. You don't always have a right to set-off, ie to cancel other obligations instead of making a payment).

What seems more ominous is the $8 billion transferred from Lehman London to Lehman NY over the ast few day before the bankruptcy. PWC, the liquidators in London, are now asking for the money back

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Sep 20th, 2008 at 05:49:11 AM EST
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