Lehman Brothers Financial SA (LEHNQ)

[real777mellon]

So sorry I just came swinging back in brother. I will be reading this post momentarily. Thanks for your confirmation. It is probably because I spent much time learning slowly and when I started to get really nerdy I read the 336 Page Jenner CH11 Examiner's Report. If you understand the accounting practices at LBHI and subsidiaries that really is where you go - this is why no one was jailed (not illegal) and also why LBHI had to file CH 11 with Paulson ordering them (and they listened even tho that's some Hollywood stuff imo). I think that the real reason LBHI and subsidiaries went down is the same reason counterparties, derivatives, Fannie and Freddie conservatorship happened was a time to write laws for global access of the next longer sustainable US Housing Boom and also to fill in the gaps, do a slow recovery with 0-0.25% FFR in the US so you could borrow a lot and recover the prices of real estate and related securities in surplus over the course of time before they began to fall off at the end of the 2010's. Then I believe distributions and litigations in different courts needed precedents to make rulings based on other jurisdiction's courts (in the US we need precedent, so maybe the across the pond + a consolidated LBHI balance sheet is a 50% meet halfway solution).

You get good at this and find value to wait on when you really examine the accounting and put yourself back in the past to critically think things through. It's more successful in practice than just stopping at guessing or "knowing enough" because you never can. Now I think we're almost there. Interesting thing too - I believe a lot of underseas cables and global access/platforms now participate in all these markets. The faster the txn the longer the markets are open the faster the transfer and settlement - you can do things that perhaps would make a more efficient and real-time valuation of assets like Fuld proposed to solve the 2008 problems with FAS157 and disputes about the value of some illiquid assets on LBHI books/subsidiary broker dealers consolidated onto LBHI bal sheet that is.

We will find out soon. I believe Trump will 100% fire the Biden FHFA director and order the end of the Fannie and Freddie conservatorship which would possibly also speed Lehman Brothers Holdings Inc and remaining subsidiaries processes and clawback/discovery of funds even updating book value of assets left to distribute. It's like there's just a few more wires to untangle and replace in your super computer that connects to all these different locations and counterparties worldwide left to execute pending swaps and repos. :)

I am almost certain.