Lehman Brothers Financial SA (LEHNQ)

[wayne49]

We know what the hold up is. There is what is left of the assets on the books plus the assets that are not on the financial statements because their value are so iffy LIKE NOLS. The NOLs for most BK are off balance sheet. That is how they are accounted or not accounted for. There was consideration by the Authorities to bring all NOLs to the BS no matter what but, that is just sitting and collecting dust. That is one of the grey areas between tax law and BK law. There are a few apparent grey areas.

Some SPVs are off BS too. I bet some of the cash we see all of a sudden are from the SPVs getting settled or maybe from some intercompanies.

Again, I am not an accountant but ask LD for his full analysis. They have breakdowns of what they estimate are off balance sheet. There is a reason why they make money. They really DD their plays and that is why I roll with them because they are more than proven through the years I have been with them play after play. LD said he is confident, so that is it. I am in. LOL.