Lehman Brothers Financial SA (LEHNQ)

[slimugrian]

Better read this.

http://www.telegraph.co.uk/finance/financialcrisis/6195059/Lehman-collapse-PwCs-Tony-Lomas-sees-20-year-slog-to-unravel-biggest-bankruptcy.html

Lomas said this:


"I could easily see these issues going on for the next 10 years – even 20," he said. "And I'm absolutely certain that I would have retired before the case comes to an end."

And they are done with 7 years. All creditors paid off 100% plus interests.

Same pattern is everywhere, in Asia, Australia, continental Europe. You like to repeat the liquidation mantra. Ask this question --- were all those subsidiaries liquidated after they paid off their creditors???