http://www.thenewamerican.com/usnews/politics/10932-lehman-bros-case-geithner-ignores-subpoena-to-testify
Geithner ignores subpoena in Lehman Bros. lawsuit vs JP Morgan
Remember the collapse of Lehman Brothers back in September of 2008? It was a watershed moment in financial history. JP Morgan's shady role in this collapse appears to have been done with the blessing (or instructions) of Treasury Secretary Timothy Geithner. They say that the collapse was caused by an $8 Billion last-minute transfer of money from Lehman to JPM, leaving all of the Lehman shareholders holding an empty bag.
The creditors’ committee representing what’s left of Lehman Brothers asked bankruptcy Judge James Peck last week to force Timothy Geithner (left) — currently Obama’s Treasury Secretary but President of the New York Fed at the time of the Lehman Brothers’ bankruptcy — to answer some questions. The original subpoena issued by the committee to Geithner to appear last August was ignored and so the committee appealed to Judge Peck.
The committee claims that Geithner played a pivotal role in Lehman’s collapse and may have “unique” knowledge about a last-minute transfer of some $8 billion out of Lehman to JPMorgan just before that collapse. Lehman is suing JPMorgan in an attempt to get that money back and Geithner’s testimony is crucial. Time is running out: The discovery period for the committee ends on March 16.
Geithner ignores subpoena in Lehman Bros. lawsuit vs JP Morgan
Remember the collapse of Lehman Brothers back in September of 2008? It was a watershed moment in financial history. JP Morgan's shady role in this collapse appears to have been done with the blessing (or instructions) of Treasury Secretary Timothy Geithner. They say that the collapse was caused by an $8 Billion last-minute transfer of money from Lehman to JPM, leaving all of the Lehman shareholders holding an empty bag.
The creditors’ committee representing what’s left of Lehman Brothers asked bankruptcy Judge James Peck last week to force Timothy Geithner (left) — currently Obama’s Treasury Secretary but President of the New York Fed at the time of the Lehman Brothers’ bankruptcy — to answer some questions. The original subpoena issued by the committee to Geithner to appear last August was ignored and so the committee appealed to Judge Peck.
The committee claims that Geithner played a pivotal role in Lehman’s collapse and may have “unique” knowledge about a last-minute transfer of some $8 billion out of Lehman to JPMorgan just before that collapse. Lehman is suing JPMorgan in an attempt to get that money back and Geithner’s testimony is crucial. Time is running out: The discovery period for the committee ends on March 16.
