Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

LET'S MAKE SOME ANALYSIS ON THE AVAILABLE NUMBERS.

March A/L asset = 252.8B
Claim from the Distribution Plan = 272.9B

Deficit = 20.1B
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Canary Wharf reduction = 3.7B
U.S. Bank reduction = 4.7B

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Total reduction to the Deficit -8.4B

Deficit 20.1B - 8.4B = 11.7B
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We know that the Trust is the last 15B of all claims,
Therefore:

15B minus the deficit - 11.7B = 3.3B

3.3B of all class 10's is now covered.

3.3B divided by 15B = .22 percent

Or, 22 cent's to a dollar of all Class 10 is now covered by the 252.8B asset.