Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE: Is this why you purchased lower priority J

——//——

I bought large amount of J’s and CTs as well. But I do not expect to be paid in the distributions. I’ve been saying for fifteen years now that the hope is on the NOL.
NOL will secure J’s because NOL is owned by equities. This scenario is different from other bankruptcies that usually wipe out all equities. NOL is the reason to continue as a going concern. Possible fresh capital is coming from participating creditors acquisition of LBHI because they will not like the remaining 130B unpaid debt to be wasted. Those creditors are also the existing affiliates of LBHI that holds the majority of all claims.