Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

JOVI,

<<Upon completion of the liquidation of the Debtors, all remaining NOLs of the Debtors will be eliminated.>>

Ok.

So, let's screw with this for a few minutes.

Does this mean 49% of the $55B in NOLs, the Debtors share, will go towards canceled debt?

Does this mean 51% of the $55B in tax credits go towards the equity positions and the LBH UK restructuring?

Why would DIP Lehman allow $55B in canceled debt without any equity vote?

It seems they could have paid down the debt without losing as much as they did and re-positioning the employer in some matching write downs but the attorney's are looting the DIP as much as they can, I know.

After all, since Paulson, Bernanke & Bush, they had no reason to stay in business.

Pissed.

mojo