Lehman Brothers Financial SA (LEHNQ)

[rlinterests]

I REPEAT!!
The approximate 230B DEFICIT IS A NOL itself !! THEY LOST THAT MONEY !!

The cancellation of 230B debt will cancell the 230B NOL Dollar for dollar..... One minus one equals nada COMPRENDE?

Why would one do this? makes no sense to me. What gain is there in COD? Just seems to me, another alternative other than COD could be found. In this example I would try to preserve the $230B in negative operating losses.

There are Negative Operating Losses and there is also capital gains losses. I do not think they are the same, could be wrong. I tend to think it is about how the money raised by the debt issue,or even maybe the equity issue, was used. For acquiring assets, or for general operating expenses.

Was the money used to buy Real Estate holdings which decreased in value, or, pay the electric bill,the bill for the office space, the phone bill, etc.

But, this being a Bank, you could be right.