Lehman Brothers Financial SA (LEHNQ)

[joyceschoice]

Zulual - There's an explanation of the PDCF loans column on page 130. It makes those really large number a little less frightening. Also I find it encouraging that Lehman is lower on the list.


"Table 8 aggregates total dollar transaction amounts by adding the total dollar amount of all loans butdoes not adjust these amounts to reflect differences across programs inthe term over which loans were outstanding. For example, an overnightPDCF loan of $10 billion that was renewed daily at the same level for 30business days would result in an aggregate amount borrowed of $300billion although the institution, in effect, borrowed only $10 billion over 30 days."

https://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_143

GLTA