Lawsuit alleges JPM execs profited from "inside" info. on Lehman collapse.

A bankruptcy-court examiner found in a recent report that Lehman could pursue a legal claim against J.P. Morgan for making "excessive collateral requests,"

I like that. What is an "excessive collateral requests," ?????

Uhmnnn. say we go from 40 -1 down to 20 -1 think that's excessive? Oh sorry, we go from 40-1 down to 10 -1, is that excessive?

How about this, your paper is worth shit and so is mine now.


Ehhh. Excessive collateral request. probably a whole new ballgame. Maybe we'll all get a free ride on a margin call (if it's excessive), ya think?
 
Quote from wilburbear:



Remember the buy of 55,000 out-of-the-money Bear Stearns puts with just a few days til expiration?
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Sure - the SEC got on that right away. Remember they published who got so lucky in the news?
 
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