Lehman Brothers Financial SA (LEHNQ)

[ron_66271]

2; You Clearly Have No Idea What a ABS Is.

Asset Backed Security.

I have already explained it to you.
ABS are insured by Derivative Contracts to cover the losses of the securities.

Lehman’s lived on both sides of the fence regarding the ABS offerings and the derivative contracts insuring the ABS.

Lehman’s “debt” is largely debt to itself.


Please see my post history.

JPM alone owes ~$800 Billion back to the ABS security holders to cover their losses from 2008.
JPM wrote 57% of a $83 Trillion derivative market.
Losses are about 11.9% for the mortgage market.

Yes I can do math and read documents.
See my post history.

2; please make your response based upon more than your emotions.
You are close to ignore function.



Ron