Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

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

You Make ALL Good Points,Especially the one above... I think we'll suddenly come to know that LBHI has participation interests of 15 - 25% in many of these RMBS/CMBS "Trusts" which are NOT in BK...Same thing like we are finding with WAMU .. FNMA .. that was a whole case of ILLEGAL Govt. Seizure of Profits form Shareholders -- NWS and ALL and soon will be put an end to by the Courts...

Anyways with LBHI, we could find upward of $$150 - 200BB of these "Illiquid" Assets... some of these coming from Mortgaes bundled for the likes of WAMU, Country wide and even FNMA. Freddie, Wachovia/Wells Fargo etc. We shouls realize LBHI was a big player with *MBS - Much bigger than Goldman, MS etc and hence they were always jealous of LBHI.