Lehman Preferred Series "J" Preferred (fka LEHJQ)

[DJN]

Lack of consistency in Lehman valuations... No one, and I mean no one knows the true value yet... we could be sitting on a treasure chest. An additional 50 freakin billion would change this game considerably.

http://www.ft.com/cms/s/0/78077b94-2fa1-11df-9153-00144feabdc0.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058&nclick_check=1


While the most damning parts of the report recount how the bank took $50bn of assets off the balance sheet at quarter’s end in an exercise in window dressing, the report also highlights valuation processes that are troubling as well.