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"Only such a plan as ours will return, or rather advance, the economy to a truly free market and noninflationary money, where the monetary unit is solidly tied to the weight of a commodity produced on the free market. Only such a plan will totally separate money from the pernicious and inflationary domination of the State."

- Murray Rothbard (The Mystery of Banking)
Home The News Miscellaneous Ambac, BofA, German Central Bank Add to Lehman Claims
Ambac, BofA, German Central Bank Add to Lehman Claims
News - Miscellaneous
Written by Reuters   
Friday, 25 September 2009 13:28
NEW YORK (Reuters) - Ambac Financial Group (ABK.N), Bank of America (BAC.N) and Germany's central bank are among new entities claiming assets against Lehman Brothers (LEHMQ.PK) after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.

Claims administrator Epiq Systems added the new claims to its Web site on Friday after a deadline for posting demands relating to derivatives and other transactions passed this week.

Ambac Assurance, the bond insurance arm of Ambac Financial, has filed around $1.3 billion in claims relating to mortgage securitizations.

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