Lehman Brothers Financial SA (LEHNQ)

[edbk46]

stockjock

a swag

MBS/RMBS/Commerical MBS are the key to Lehman
here in USA or in Europe

remember lehm repackage MBS they did not do the original
underwriting

this is important since most litigation now is focus on "who made the original decision on credit worthiness"

they did not.

they also held an equity position in these projects at least
>15 %

mbs have perform well

the litigation with citi is "How much Citi owes Lehm for misrepresentation"

the "TRI" lehman wamu fnma will have a good deal of cash
sitting somewhere in plain sight

LBIE in my opinion will be cash pos to us by the end of the year

edbk46