Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Ratios are lower now but 10x seems low with interest rates down and mortgage demand is up.

Reserves are at record highs.

But, look at Lending Club & Marcus, automated, online lending operations.

It could be a way it goes with a lender that can bring in funds when the business is capitalized to make loans.

Or, the tax funds might be higher in another Broker Dealer arrangement.

They have to work it out.

It should have been done years ago.