Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

2good, Obviously you don't understand NOL's. The creditors losses generate income to Lehman which Lehman can use the NOL's to offset that income to avoid taxes. During the liquidation process Lehman could use NOLs to offset gains on the liquidation of assets. What isn't used will be used to offset discharge of debt. But don't take my word for it. This is what Lehman says in their Quarterly Statement;

"All remaining
Debtor NOLs not previously utilized to absorb
taxable income of the LBHI Tax Group are expected
to be fully utilized to offset income resulting from the
discharge of debt on the final date of liquidation of

LBHI."