Lehman Brothers Financial SA (LEHNQ)

[etzetrade]

No, all WaMu creditors higher than cts were paid in full. Therefore, there is no arguments. Cts became the first to grab whatever. Since there has no money, HFs contributed $200 millions in loans?? to start the wamu2.

Those HFs were sophiscated, and well calculated because they knew there are MBS in $165b in accordance with LG. If they could take over the entire wamu2, it's great. Therefore, first, paid off all creditors in high status. Then gave away all the assets to JPM in order to show there is no extra money to pay cts. Whatever the NOL just barely paid off cts.