Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

I think that JPM will be the proven to be the largest part of the BK. I believe that the $17B is separate from the money that was reported in the news regarding the settlement. Mr. Marsal was ready to fight for that $17B from the first day he was in charge of the reorg process.

I still believe that one of the larger Lehman counterparties or Barclays will be involved in the reorg plan. I think they have been lurking to see what type of risk is left in the Lehman asset/derivatives mix.

If they could take on Lehman without a whole lot of risk I think it would be a great PR move and I think that JPM has the most exposure to the Lehman derivative portfolio. If you already have the risk why not take over the Global Assets that would give a rocket boost to any growth scenario.

It is not too far fetched to see the US give some assistance to some buyout offer. Trillions of dollars have been tied up worldwide in the Lehman BK. It would be one easy way to inject much needed liquidity into world markets with minimal guarantee IMO. Make your own decisions. However, Brikk and I have been discussing this possibility for quite a while now.

Any thoughts?