Lehman Brothers Financial SA (LEHNQ)

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Just my Opinion
A theory of mine regarding the switcheroo of the positions.. the Escrow positions.
The only way that could have possible happened is By LBHI manipulating the CDOs CLOs and create a Contract to take or slip into a position.
A collateralized loan obligation (CLO) is a single security backed by a pool of debt. The process of pooling assets into a marketable security is called securitization. ... With a CLO, the investor receives scheduled debt payments from the underlying loans, assuming most of the risk in the event that borrowers default
A collateralized debt obligation (CDO) is a complex structured finance product that is backed by a pool of loans and other assets and sold to institutional investors. ... These assets become the collateral if the loan defaults.
I tend to side with The CDOs.
...Premise
SO Lehman is aware that the end was near ...the end meaning the capitalization was quickly drying up. So as a hedge they draw up docks to make it look as if they are investors with big big pockets and create the Paper work...and Pool assets. By doing so and the proper wording and arrangement they front run The trust and Preferred share holders. In essence cut in front of us.
The only proof could be the Date of creation of the contracts regarding the escrow positions they just could be CDOs in there and if they were CDOs... It would be Late in the game but the only smoking gun theory .. I/We should find out. IMO
Fact CDO are unregulated.