Lehman Brothers Financial SA (LEHNQ)

[Nellafom]

Why are JPM, Barclays and other main stream banks keep buying up LBHI claims? I mean lots of them. With all of the distros, there can't be much future value in them.

I wonder if they are buying up these near worthless claims because they know they will be getting NEWCO stock for them? And they see this as an easy and cheap way to get a stock position in the new, NOL heavy LBHI?

You would surely think these banks have better places to put their money...

Just a thought. I am always thinking outside the box.