Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

joe,

Say the LBHI Holding liquidates to cash balances, including unpaid taxes, without any other assets on their balance sheet.

<<How can it be more clear that this is a total liquidation?>>

They still have residual interests in the subsidiaries and these balances and valuations cannot be funneled up to the existing Holding Co.

The subs had nothing to do with any mismanagement of the LBHI Holding Co. or US Government.

Christine Lagarde at the IMF rebuked Bush & the US Treasury specifically regarding this fact and the obligations that remained overseas for Lehman and it's investors.

But, they can be credited into another Holding Company.

The question is, "What is it worth to the sub to take this into a new holding company overseas?"

The US Government has stated for 11 years they don't want Lehman.

That doesn't absolve them from damaging Lehman and the business rights of it's creditors and investors Worldwide.

Same with any of Lehman's counter parties or competitors.

mojo