Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

It is pretty straightforaward...LBCCA made loans and are getting 94% of the money back thru refinancings , etc. I think early on the "experts" were saying Lehman Asia might get 60% on the dollar

It is our money at the end. The last balance sheet the Debtors marked down $26B in "Investments in Affiliates" category. That was the Balance Sheet dated June 30, 2009.

Everything I read says the marketplace is markedly better in most of the categories Lehman has marked down.

Now it is time for the markups. This is just one instance. Thus the post.