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Lehman Feb 1
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Lehman Pulled Money Out of Anglo Irish Days Before Bankruptcy
Jan 29, 2016 | Bloomberg
By Joe Brennan
Days before Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, the U.S. investment bank pulled 350 million euros ($380 million) out of Anglo Irish Bank Corp., exacerbating the Irish lender’s funding crisis. An internal e-mail circulated between Anglo Irish executives on Sept. 12, 2008, showed the lender lost 2 billion euros in deposits... -
Group Backing Chris Christie Criticizes John Kasich for Lehman Brother Ties
Jan 31, 2016 | The New York Times
By Nick Corasaniti and Alexander Burns
...It begins with Mr. Kasich saying “I was a banker and I was proud of it,” before cutting to Mr. Trump’s criticism, and rifling through Mr. Kasich’s record as both a congressman and a businessman, accusing him of profiting off the financial crisis while a partner at Lehman Brothers...
Client Attorney Privileged/Attorney Work Product/At Request of Counsel
Anglo Irish Bank Corp.
Comment - John Kasich
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Lehman Pulled Money Out of Anglo Irish Days Before Bankruptcy
Jan 29, 2016 | Bloomberg
By Joe Brennan
Days before Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, the U.S. investment bank pulled 350 million euros ($380 million) out of Anglo Irish Bank Corp., exacerbating the Irish lender’s funding crisis.
An internal e-mail circulated between Anglo Irish executives on Sept. 12, 2008, showed the lender lost 2 billion euros in deposits over seven days, including from Lehman Brothers, according to documents shown to jurors at a trial of former finance executives in Dublin Friday.The U.S. bank’s withdrawal “was interesting as the Lehman crisis or collapse was only days away,” said Una Ni Raifeartaigh, a prosecutor in the case against four former Irish bankers, said in the Dublin Circuit Criminal Court.
Anglo Irish’s fast-deteriorating financial position in September 2008 caused it to increasingly target Irish Life & Permanent Plc, a bank and life assurance company, for funding as its fiscal year drew to a close at the end of that month, according to the documents.
Former Anglo Irish executives, Willie McAteer and John Bowe, and one-time directors of Irish Life & Permanent Plc, Denis Casey and Peter Fitzpatrick, have pleaded not guilty to illegally conspiring to create the impression Anglo Irish’s customer deposits were higher than they actually were in September 2008...
For full story: http://www.bloomberg.com/news/articles/2016-01-29/lehman-pulled-money-out-of-anglo-irish-days-before-bankruptcy
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Group Backing Chris Christie Criticizes John Kasich for Lehman Brother Ties
Jan 31, 2016 | The New York Times
By Nick Corasaniti and Alexander Burns
Donald J. Trump has criticized Gov. John R. Kasich of Ohio at numerous debates, including for his tenure as a managing general partner at a bank that was central to the financial crisis.
...It begins with Mr. Kasich saying “I was a banker and I was proud of it,” before cutting to Mr. Trump’s criticism, and rifling through Mr. Kasich’s record as both a congressman and a businessman, accusing him of profiting off the financial crisis while a partner at Lehman Brothers.
...“No amount of New Jersey bullying and false attacks by Chris Christie’s cronies will hide Christie’s own failures of credit downgrades and budget deficits,” said Chris Schrimpf, a spokesperson for the Kasich campaign. “As a result over 60 percent of the voters that know Christie best don’t approve of him. In ohio John kasich turned an $8 billion budget hole into a $2 billion surplus, saw Ohios credit outlook improve, and cut a record amount of taxes. As a result over 60 percent of voters approve of him in the most important of all swing states.”
The Lehman Brothers attack may be a particularly raw one for Mr. Kasich. Democrats used his affiliation with the failed bank to brand him, during his campaign for governor in 2010, as a “congressman from Wall Street.”
Mr. Kasich has attempted to minimize his Lehman connection, joking about his tenure at the bank in campaign speeches. (He did not repeat the joke in a handful of campaign events a reporter attended over the weekend.)
Tucker Martin, a spokesperson for America Leads, said the ad was in response to an escalation in attacks from the Kasich team.
“The Kasich team has spent well over a month attacking Governor Christie,” he said. “All we’re doing is noting a vote Governor Kasich took, and a job he held. It’s simply another part of his bio and his record, presented to voters for their consideration.”
New Day for America, the super PAC supporting Mr. Kasich, aired an ad last year pointing to deficits in New Jersey, but never mentioning Mr. Christie by name.
“Governor Christie should either disavow the ad or have he courage to repeat Trump’s attack himself,” said Matt David, a spokesperson for the group.
For full story: http://www.nytimes.com/politics/first-draft/2016/01/31/group-backing-chris-christie-criticizes-john-kasich-for-lehman-brother-ties/
Client Attorney Privileged/Attorney Work Product/At Request of Counsel
Anglo Irish Bank Corp.
Comment - John Kasich
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