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DJN

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Alias Born 07/07/2008

DJN

Re: None

Wednesday, 05/13/2009 11:00:23 PM

Wednesday, May 13, 2009 11:00:23 PM

Post# of 10366
Lehman today is sitting on nearly $11 billion in cash

And finally, liquidity is king. Looking at the Lehman estate today, we can see how the mentality behind the U.S. Chapter 11 process has allowed the once-venerated firm to rebuild its cash coffers even in bankruptcy, to the ultimate benefit of its creditors. Lehman today is sitting on nearly $11 billion in cash, up from $200 million when the firm filed for bankruptcy. These reserves mean the firm does not have to sell its real estate and other proprietary assets until the markets for those assets sufficiently recover.

http://online.wsj.com/article/SB124226262220517739.html

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