Lehman Brothers Financial SA (LEHNQ)

[etzetrade]

Actually, WMI decideded to take NOLs forward was because 4HFs/debtor sophisticated manipulate the BK process/results.

First, HFs/debtors don't want any waterfall reaching equities. Therefore, they wish to end the waterfall at "H" in order to own the WMI2. Also, they gave away assets free to JPig and Fdik. All their plan is to wipe out equities.

Second, they knew that there is 26B NOLs available in 2010. So, they want to take the advantage of NOLs by themselves. Unfortunately, LIBR knew their dirty plans and decided to postpone the ruling after 2010. Her decision made equities in money, and also turned everything upside down. This the only few things LIBR did good for equities. Otherwise, she is a clown, and not knowing on what is going.

LBHI BK case is too big to be controlled by few interesting group. I don't trust our debtor because who is the same one as Wamu. I trust The Honorable Judge Peck but absolutely not LIBR(JMW). We really the whole processing open and clear. But I don't know how. EC, probably or UST gets involved....