Lehman Brothers Financial SA (LEHNQ)

[mellowbird]

Oh please, toogood, give it a rest. Anyone can reread our discussions and see that you have completely misunderstood how NOL cancellation works in bankruptcy.

Again: forgiven debt does not result in COD income, but it does result in cancellation of tax attributes such as NOLs.

Here's a nice short article:

http://www.americanbar.org/publications/probate_property_magazine_home/probate_2010_index/probate_mar_apr_2010_index/rppt_mo_premium_rp_publications_magazine_2010_ma_TaxEffectsofDebtCxl.html

mellowbird