Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

This may have already been posted, but I thought it was a good disection.

http://www.natlawreview.com/article/bankatlantic-bancorp-decision-roadblock-or-detour-to-open-bank-sale-distressed-banks

Agree with LD, I'll also play devils advocate...the chapter 11 filing is a twist. We have essentially emerged as a liquidating company (classified also as a BHC). The effort to further invest (Archstone) to maximize capital could be argued as recapitalization.

This is complex. Can we file our arguments with the trustee and further add that we fall into the "other financial obligations"?