Lehman defaulted on $300 million owed to NY Giants

(Bloomberg): "The (Giants) team, which borrowed $650 million toward its share of the stadium, can’t say exactly how much that’s now costing, according to court papers. Mara sent a bill to Lehman Brothers Holdings Inc. in October claiming the bank owes the National Football League club

• more than $300 million after defaulting on interest-rate swaps. The team also is subject to rate swings, refinancing charges and legal fees, the papers say."

(Another day, another scam).

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