Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

YES AND NO.Receivables, payables between LBHI and affiliates are internals. It is not a gain nor a loss. It only settles each other account. What really counts for LBHI is the resulting amount it owns that adds up to its asset for the distributions.
The 65 B estimate is if all asset was auctioned(chapter 7)  but I have said many times that the decision was to liquidate slowly in chapter eleven, taking its time until the market condition is right to maximize the recovery.
That alone gave me an idea that LBHI will continue to exist.