Lehman Brothers Financial SA (LEHNQ)

[indepth05]

IMO only....

LBHI’s major off-balance sheet assets through its estate, Spv's and trusts likely total in the $7-8 billion range, dominated by the AVB equity stake and significant MBS portfolios under management. These assets are reported and managed primarily through bankruptcy estates and trust structures that segregate them from LBHI’s direct financial statements.