Lehman Brothers Financial SA (LEHNQ)

[marayatano]

Wayne, now your talkin'... It is not what "we" want to see happen, it is what makes business financial sense.

One has to ask one's self, how can a higher tier creditor get 18 cents on the dollar and forgo possible additional recovery to a lower tier creditor, or gasp, and equity shareholder?

It won't happen.

Put yourself in Lehman's shoes: Would you rather pay "interest" on debt OR if you had the chance to wipe out the debt and start over? What would be smart business sense?

People who continually defer debt will always be in debt. Example: Credit cards concept.


Higher tier creditors will get all recovery until they are paid in FULL because they are entitled to it.

Once someone here becomes OBJECTIVE, the sooner they will realize what I have been saying all along.

For those who have their own businesses, they will understand what I am talking about.

I have been here since the day Lehman filed BK, a lot longer than most (w/ the exception of the very, very few).

imo of course.