Lehman Brothers Financial SA (LEHNQ)

[etzetrade]

Do not worry. You might not see we make huge profits based on penny cost. You might get your initial investment back in FV. The questions are where $300B go? Like wamu? Who knows?

JS said $300B were returned to creditors. Yes, but you never know who are those creditors. Is it possibly include Lehman itself? Those MBS are secured. At the present, it is much worth.

Per wamu's case, the default rate is around 25%. Lehman might get 300B x 75% x 70% (not belongs to Lehman) = 175B for creditors, and not that far anymore.