Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

I'm glad to see this work done.

There may be more but this is a lot of work.

Everyone else on the Street, however, was given loans at near 0% interest rates over the last 10 years to wind out positions like that or granted permission to service those areas in main street retail ops.

So, Lehman couldn't square it, couldn't reclaim foreclosure rights in the mortgage loans and paid for the Valukas opinion to position debt holders above equity holders with $55B in NOLs who are hanging out to dry.

A number of other articles state errors of the Valukas opinion, including analysis of the REPO market that ALL Lehman counterparties were participating in simultaneously, and went on to say there was enough equity to cover the debt.

So, we'll see.

It is likely most decent if LBHI would arrive at a deal with UK LBH to pay what is necessary to re-instate the CTs overseas and let them operate without any further restrictions in LBHI BK & Plan Administration.

LBHI, WGM et al & A&M with the BK Plan Administrators have looted this long enough.

LBHI could have asked for matching debt contributions from debtholders in absolute priority positions but they didn't in order to loot a Chp 11 in the States and fire 25,000 employees.

Who is now at LBHI HQ worth saving? They've had their chances and have blown it all.

Good luck.