Lehman Brothers Financial SA (LEHNQ)

[real777mellon]

Don't be surprised though. Just keep paying attention.
One must really read all 336 pages about Repo 105 from the examiner in 2011 to understand the "off the books" part and the LBI > LBIE >> Counterparty and SFAS 140, Linkletters (UK major legal firm opinion on Rep 105 being a "true sale" and not a regular repo txn accounting wise) and then the mystery of the unknown- yet also why they did it, why the valuation disputes exist, and why sometimes we've heard that creditor claims were met with surplus bc the SIPC for example or even LBH PLC "found more $" to distribute each time they made a payout. Found where? "off the books"?? Like Repo 105 allowed if done thru US assets first transf from LBI or LBSF to LBIE and then sold to a counterparty for 7-10 days before LBIE would repurchase what they sold but also during that period the off the books at LBHI and LBI bc unlike a repo once LBIE the UK broker dealer LBHI subsid. sold to a counterparty - they relinquished full control of the assets > even tho a time period would see LBIE repurch the assets. They then appeared back on the books for LBIE and could transfer back to the books they came from in the US.

Just don't be shocked. This is most likely not going to end when the deadline's are made. It's gonna "shock the world"...

We already know enough to be here waiting.