Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

toogood,

Forcing LBHI into bankruptcy by the US Treasury changed the rules.

LBHI couldn't collect on their real estate mortgage positions and they were forced into fire sales on everything else as the market turned up.

Employees were let go and subsidiaries were closed.

Congress changed the rules through Dodd-Frank for CTs.

The US Trustee advocated and approved a POR that changed the rules of prospectus covenants to fit their agenda, depriving the voice of the equity holders.

At $130B of NOLs, Debt Holders would have $13.377B in tax savings and LEHMQ common would have $2.76B in an equity credit or $4 a share in a new holding issue.

This is before restitution for penalties and damages to the CTs is paid.

Question is, "Would Debt Holders and Common pay or credit $1+/- a share for the restitution of CTs if they initiate a new issue overseas and put it all behind them?"

mojo