Lehman Brothers Financial SA (LEHNQ)

[GreatFinancialCosplay08]

Hint: Estimated recoveries are obscenely low. On purpose.

Won't be long until we can mark all the actual "recoveries" I have seen enough myself I encourage you to spend your time as the sequence of events are aligning with what you'd expect - then again I'm in love with spreadsheets and accounting. When I find a narrative that makes me laugh it's so absurd when you look at the public domain documentation of the positions - and you know where everything has been distributed to pay claims globally - in part - you know the funniest part is LBHI is packed with 9 figures at least of the most liquid assets in the world - they just are boring and regular folk like myself don't participate in the secondary MBS market. But it beats the hell out of Treasuries ;)