Page 644 - untitled

Notes to Chapter 18 615

45. Emil Cornejo, senior vice president, Department of the Treasury, Lehman Brothers, email to Janet
Birney, senior vice president, Department of the Treasury, Lehman Brothers, et al., “JP Morgan Agenda
forwarded for our review. FYI,” September 3, 2008. See Lehman Briefing Memorandum, September 4,
2008; JP Morgan Agenda, September 4, 2008.
46. Meg McConnell, FRBNY, email to Arthur Angulo et al., “Meeting tomorrow at 9:00,” September 8,
2008.
47. Ibid.
48. Patrick M. Parkinson, email to Steven Shafran, “Re: now I am on a conf call,” September 9, 2008.
49. Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial Sys-
tem (New York: Business Plus, 2010), p. 178; Rita C. Proctor, assistant to the chairman, Board of Gover-
nors of the Federal Reserve, email to Donald L. Kohn et al., “This evening’s conference call will take place
at 5 P.M. instead of 6 P.M.,” September 9, 2008.
50. Jim Wilkinson, email to Michele Davis, September 9, 2008.
51. Barry Zubrow, interview by FCIC, August 19, 2010.
52. Paul, Weiss, counsel to Steven Black, letter to FCIC, August 27, 2007, written responses to FCIC
questions in email of August 26, 2007, p. 6.
53. John J. Hogan, JPMorgan Chase & Co., email to Steven D. Black, September 9, 2008, 7:07 P.M.;
Steven Black, email to John Hogan, September 9, 2008, 8:24 P.M. See also Valukas, 4:1139, 1140 and
n. 4204, and 1141.
54. Complaint, In re Lehman Brothers Holdings, Inc., et al., against JPMorgan Chase Bank, N.A.,
Chapter 11 Case No. 08-13555 (JMP) (Bankr. S.D.N.Y. May 26, 2010), pp. 14–15 (hereafter cited as
Lehman Complaint).
55. Ibid.
56. Black responses, August 27, 2010, p. 6.
57. Matthew Rutherford, email to Tony Ryan, Department of the Treasury, et al., September 10, 2008.
58. Mark VanDerWeide, assistant general counsel, Board of Governors of the Federal Reserve System,
email to Scott G. Alvarez, general counsel, Board of Governors of the Federal Reserve System, “lehman,”
September 10, 2008.
59. Patricia Mosser, email to William Dudley et al., “thoughts on Lehman,” September 10, 2008.
60. See Michael Nelson, counsel and vice president, FRBNY, email to Christine Cumming, first vice
president, FRBNY, et al., “revised Liquidation Consortium gameplan + questions,” September 10, 2008,
(attaching game plan),
61. See Patrick M. Parkinson, email to Donald Kohn et al., “Fw: revised Liquidation Consortium
gameplan + questions,” September 11, 2008 (attaching game plan).
62. Ibid.; Thomas Baxter, interview by FCIC, August 11, 2010.
63. Ken Lewis, interview by FCIC, October 22, 2010.
64. Susan McCabe, Goldman Sachs Group, Inc., email to William Dudley et al., “Hope you have the
Radar screens on early this morning,” September 11, 2008.
65. Rita C. Proctor, email to Bernanke, “Fw: Financial Markets Conference Call 9/11/08,” September
11, 2008 (forwarding to Chairman Bernanke materials for the conference call).
66. Hayley Boesky, vice president, Markets Group, FRBNY, email to Meg McConnell et al., forwarding
Louis Bacon, email to Hayley Boesky, “FW: Options for short-circuiting the market,” September 11, 2008,
10:46 A.M.
67. Email chain between Jamie McAndrews, Tobias Adrian, Patrick Parkinson and Jeff Stehm, sub-
ject : “Fw : Default Management Group 9 Sep 2008.doc,” September 11, 2008.
68. Hayley Boesky, email to Debby Perelmuter, senior vice president, FRBNY, et al., “Panic,” Septem-
ber 11, 2008.
69. Jane Buyers-Russo, managing director, JP Morgan, email to Paolo R. Tonucci, “Fw: Letter to
Lehman,” Sept. 11, 2008, (attaching JPMorgan Chase & Co.’s September 11, 2008, Notice to Lehman
Brothers Holdings Inc.).
70. Jane Buyers-Russo, email to Bryn Thomas, executive director, Broker Dealer Group, JPMorgan
Chase & Co., et al., “Re: Lehman Brothers TriParty Collateral,” September 12, 2008.
71. Paolo R. Tonucci, interview by FCIC, August 6, 2010.
72. See Valukas, 4:1158–65, 1162 and n. 4304.