Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

Are you referring to the balance sheet going into the bk? At the time, many of the TBTF banks have lots of off balance sheet debt and bad quality mbs/agency notes that disaster was awaiting to happen (financial crisis) I was in wamu. I am still invested in Fannie Mae.

As for Lehman being a scam? They were no different than Goldman, Morgan or JPM. Their BS is no different. Its just the Treasury decided to let Lehman fail to set an example. That was a mistake. Soon after, all the dominos fell. That is history. What is done is done.