Lehman Brothers Financial SA (LEHNQ)

[dnello]

Those are not boiler plate responses. I have reviewed a fair amount of financial reports both on going concerns and distressed firms and each and every time I review the financials the wording in the MDA is of critical importance. I am not in expert in billion dollar BK scenarios but this commentary does not pass as above board ...maybe in wild world of Lehman this is fine..

"millions and thousands" is a rounding error in this BK so it would be most likely be within GAAP to have adjustments of these magnitudes.

It does seem unlikely to uncover 200 billion but billions is plausible given the size of this and to do that you would have to report in the fashion they are reporting. They are basically stating they do not know the actual value of assets and liabilities....it is only an estimate and can MATERIALLY CHANGE.