Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

"On September 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt"

Read more: Case Study: The Collapse of Lehman Brothers https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp#ixzz5APYhygvx

There is only a $20 bil difference. Keep in mind that some of that debt is secured debt and paid back in full. That leaves only unsecured debt. That number also shows what the assets where valued on the books. Strip away all the secured collateral assets, and you are left with assets that may not be worth what they are shown to be on the books - which looking back now we see that they were not worth $639bil in liquidation.

Twice a year LBHI issues a balance sheet. It doesn't matter what they thought they had in 2008. What matters is what is left now.