Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Did anyone else notice the mark down from 09/14/08 to 12/31/08 of $63B in the "Investments in Affiliates" category on the Balance Sheet.

I spoke with Holly Dice last Friday about the difference in the two figures and whether it had been taken by A&M as a writedown or a mark down. She said, "they have not written it off yet".

She said that if the "Affiliates" showed a negative they marked the asset down. If even half of that mark down has come back with other assets the A/L would be even or better. IMO.

Coach T