Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

newflow,

Great post!

<<ASSETS -LIABILITIES WERE AROUND $26B AT THE TIME OF FILING.>>

Yep! They've always had the money to pay CTs.

They've also been paying Class Claims for 11 years that are NOT guaranteed payment ahead of subordinated debt, many without guarantees. Think about that for a minute.

The Lawyers & the Estate also stuck a finger in the eye of the IRS demanding $55B in NOLs for equity and insisting the Debtholders should not claim COD as has been proclaimed for 10 years.

What would our Indenture Trustee need to file a motion for payment?

It doesn't seem like they have pursued legal recourse for the CTs. They have contested nothing.

It seems LBHI & our Indenture Trustee choose NOT to work with CT shareholders nor answer all their questions.

It also seems that after Obama sided with the Unions and abscond with all the GM debtholders rights for repayment, the US Trustee seems to side with debtholders and fleece employees, corporate management and equity in some companies while guaranteeing backstops and low rates for others.

Has anyone asked why secured Senior RMBS/Aurora Debtholder claims should be paid ahead of other less-problematic and more profitable, conservative and traditional LBHI sub debt?

Why penalize the whole balance sheet for a subsidiary in an industry that became political?

What do they need to solve this?

All they're trying to do is swamp us again.

mojo