[Rocky_Shorz]

Originally Posted by eugene_vn

http://www.elliottwave.com/freeupdates/archives/2008/09/24/$138-Billion----Just-Inferences,-We-Hope.aspx:

$138 Billion -- Just Inferences, We Hope
Lehman, J.P. Morgan, The Fed and Citi (and $138 billion)

By Robert Folsom
Wed, 24 Sep 2008 19:30:00 ET Email | Print | RSS | My Updates Bookmark and share It!

It may seem like a long time ago, but it was only Monday of last week (Sept. 15) that Lehman Brothers filed for bankruptcy; the equally big news was that the Federal Reserve declined to bail Lehman out.

I've read several details regarding Lehman's demise and learned some interesting facts. The bankruptcy filing was "pre-dawn" on the 15th, according to Bloomberg. The filing document is available in pdf form on the internet: it names Lehman's largest unsecured creditors, and the dollar amounts of their claims.

After these transfers, also according to Bloomberg, the Federal Reserve Bank of New York made two subsequent payments to J.P. Morgan: $87 billion on Sept. 15th and $51 billion on Sept. 16th, for a total of $138 billion.

Lehman's bankruptcy court filing said that J.P. Morgan's $138 billion transfer to Lehman was "At the request of... the Federal Reserve Bank of New York." I have not been able to find an explanation -- in media reports or from the Federal Reserve -- of why J.P. Morgan needed to be a party to the $138 that Lehman received, and that the Fed transferred.


I'm also unable to find an announcement from the Fed that it was making the transfer.

This might answer a few questions

Re: Who Owns the Federal Reserve?
N.M. Rothschild , London - Bank of England
______________________________________
| |
| J. Henry Schroder

| Banking | Corp.
| |
Brown, Shipley - Morgan Grenfell - Lazard - |
& Company & Company Brothers |
| | | |
--------------------| -------| | |
| | | | | |
Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---|
& Son | Harriman Norman | Paris Bros |
| | / | N.Y. |
| | | | | |
| Governor, Bank | J.P. Morgan Co -- Lazard ---|
| of England / N.Y. Morgan Freres |
| 1924-1938 / Guaranty Co. Paris |
| / Morgan Stanley Co. | /
| / | \Schroder Bank
| / | Hamburg/Berlin
| / Drexel & Company /
| / Philadelphia /
| / /
| / Lord Airlie
| / /
| / M. M. Warburg Chmn J. Henry Schroder
| | Hamburg --------- marr. Virginia F. Ryan
| | | grand-daughter of Otto
| | | Kahn of Kuhn Loeb Co.
| | |
| | |
Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y.
| | --------------------------
µ
| | | |
8
| | | |
Lehman Brothers - Mont. Alabama Solomon Loeb Abraham Kuhn
| | __|______________________|_________
Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg
------------------------- | | |
| | Mortimer Schiff James Paul Warburg
_____________|_______________/ |
| | | | |
Mayer Lehman | Emmanuel Lehman \
| | | \
Herbert Lehman Irving Lehman \
| | | \
Arthur Lehman \ Phillip Lehman John Schiff/Edith Brevoort Baker
/ | Present Chairman Lehman Bros
/ Robert Owen Lehman Kuhn Loeb - Granddaughter of
/ | George F. Baker
| / |
| / |
| / Lehman Bros Kuhn Loeb (1980)
| / |
| / Thomas Fortune Ryan
| | |