Lehman Bros. 5.67 D Series Preferred ( fka LEHDQ)

[coach tequila]

There are two positives that will increase the value about being able to get active in the mortgage market again.

1) The Office of Thrift Supervision and the Feds must have let Lehman start selling CD's again to attract capital. That is why Aurora Bank has gotten all of the funds from LBHI.

2) You cannot be in the Government mortgage market without having the company and its underwriters qualify under the FHA/VA requirements. Aurora Bank must have qualified... because if you can't get this qualification the Government will not issue its Mortgage Insurance Premium that guarantees the FHA/VA loans.

Also, according to the court dockets and July creditors meeting A&M is still using the most conservative mark to market models for pricing its portfolio. That means if anyone else were to look at the value it could be marked up to where everyone else has been setting prices.

Tomorrow is the last day to file a derivatives claim! We are slowing making headway.

Keep the Faith!

Coach T