Lehman Preferred Series "J" Preferred (fka LEHJQ)

[toogoodfella]

BTW. Linda, You misunderstood the 253B asset by saying it's all "book values" This is the real amount to pay the Liability of 307B and it is short of 54B... It is a fact.

Now to make it more sense for you, Since the deficit is 54B and the last of the hiearchy in payments is the 100B borrowings, Then, The creditors will only get 46B. According to March31 A\L.

omg..do need to teach accounting 101 here?

It will make sense if the complain that you will send to BK court is about the negative -41B investments in affiliates that is included in the Asset because there is nothing in the A/L or any records available saying what have happened to it. but it maybe too early to ask untill all the claims are settled first. Remember that there is a game to play with the big guys.