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Re: mik1 post# 22835

Wednesday, 04/24/2013 4:14:52 PM

Wednesday, April 24, 2013 4:14:52 PM

Post# of 111126
mik1:

<<Anyway, LBSF reserves is going to creditors.>>

This is a good sign that subs are going to creditors and that maybe the red carpet is being rolled out to creditors.

Fundamentally, it appears the $50B+ being paid out to debtors goes to principle and what is left is unpaid principle and payments and interest to bring the debtors current less any agreements by debtors that would reduce these claims further.

If the red carpet is being rolled out to creditors, it would be because the debtors feel they will do better with the creditors on some level than without. I don't know if we can find any A/L accounting to prove this.

Another question is, "What post-BK Lehman structure can be created that can work with FED low interest operations, if any, before they start raising rates?"

Does anyone know of a Lehman post-BK status that could qualify for FED operations and discount window?

Thanks.