Lehman Brothers Financial SA (LEHNQ)

[winner79]

Joe, LBHI assets at the start of Bankruptcy was $650 Billion (it does not include the $48 Billion NOL - losses prior the filing of Bankruptcy). LBHI Allowed Claims was $360 Billion.

$650 Billion LBHI Assets
minus $360 Billion Allowed Claims
==============
$290 Billion should be the remaining Assets of LBHI

What happen to the $290 Billion? If the $290 Billion is totally gone (which we believe is not), are they not considered losses of LBHI?

Joe please reply.