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Lack of collateral was invariably the reason.
The collateral was mainly Telsim shares.
But only a tenth of that collateral was real.
Terrible human collateral was wrought on the previous four attempts.
The collateral was in the form of equities and bonds.
Collateral was often inflated in value or nonexistent, Mr. Eko said.
Neither lender was told that the collateral was already pledged to the other.
According to someone familiar with the transaction, the collateral was, essentially, the whole company.
State law requires the affidavit to accurately list what collateral was posted and by whom.
In a speech on Oct. 15 and in his Dec. 1 speech, however, Mr. Bernanke said Lehman's collateral was insufficient.
The government objected to the loan because the collateral was Jupiter's assets and intellectual property, the companies said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com