Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

Posting this Here from WAMU Board, as it is very relevant to the situation with Lehman too: i still think there as a TON of "illiquid" Assets in Lehman... Where are they still hiding them??? I don;t think we saw all of them yet.. Can't just fathom where the "illiquid Assets" of LBHI are still being hidden though...

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es1 Monday, 06/26/17 02:04:29 PM
Re: clawmann post# 480723
Post #
480755
of 480755 Go
The other side of that is owning 5 houses worth $1m each but not having any cash to make a car payment.
You are illiquid but assets>liability.

IMO this is WAMU.

You are worth millions but your car still gets repossessed.

Take that a step further and they put a lien on your houses.
They auction off a $1m house. They get $800m for it.

They pay off the car. And that leaves 4 houses and $700k to dostribute to the owner.

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