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Location: Georgia, on the Florida line, right above Tallahassee
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The Charlotte [N.C.] lender is seeking to recover nearly $500 million the bank posted as collateral to "support derivative transactions between BofA and the respective Lehman entities," according to a lawsuit filed in New York State Supreme Court.
Bank of America to Lehman: Where's Our Money? - BusinessWeek.com - MSNBC.com (http://www.msnbc.msn.com/id/27008697/ - broken link)
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The Sept. 26 complaint describes numerous attempts by BofA to persuade Lehman officials to unfreeze the funds, but each time the bank was rebuffed.
I found that to be freaking hilarious. After some of the horror stories I've heard about BoA and customer accounts...seems like they are sort of getting a taste of their own medicine.
JPM and Goldman are the fair haired boys for the Fed. Goldman has enough power to stop short selling when they whined to Cox.
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