Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Mr. Marsal stated that JPM confiscated $17B in the week prior to Sept. 14, 2008. According to the dockets the $8.5B was put up by Lehman willingly/knowingly...

I think that JPM still has the other $17B in assets that the Examiner will show was the final factor in causing the liquidity crunch to go Chap 11.

The claims are gone by JPM. Lehman is still on the offense, IMO.

The 800B in claims has now been reduced by 29B IMO...uncontested by JPM. It appears JPM no longer has any claims.

I think you will continue to see other institutions doing the same thing. This Examiner has 'em by the you know what.

None of the counterparties expected Lehman to put up this much of a fight and still be alive enough to bite back.

There Back!!!