Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

I think gives quite a bit of insight to what the Examiner is going to reveal in his 2200 page report.

Lehman gave JPM collateral in August and $8.5B again...oh, JUST BEFORE THEY RAN OUT OF LIQUIDITY!

They were holding assets that had no market simply because only sellers existed during that period of time. Now that there are buyers for SOME of these illiquid assets Lehman wants them back enough to give up some cash $557M.

Lehman benefits both ways on this deal...IMO. The balance sheet goes down...and the asset side comes up by ???...BILLIONS?

Stay tuned...this type of news is going to be coming at an accelerated rate IMO.

Coach T