Lehman Brothers Financial SA (LEHNQ)

[GreatFinancialCosplay08]

No he's right. It's the off-the-books LBHI LBIE accounting also the pending and failed txns pwc.co.uk/lehman mentions included almost 10K counterparties.

CDS is $5T mkt with derivatives much more than that. Just read this entire Examiners Report and focus on the Repo 105 section if you wanna validate yourself: https://www.jenner.com/en/news-insights/news/lehman-brothers-holdings-inc-chapter-11-proceedings-examiner-s-report

There's a lot out there "pending" and that's why we see LBIE ongoing. Please understand everyone has opinions half true and if not they're trying. But he is right even if he didn't explain. It's all there.

I hope you take this as help to understand the magnitude of what is stuck in the wire and off the books due to LBHI's accounting practices from the 2011 Examiners Report. Long report - but if u read it its worth it.

Good luck.