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Saturday, May 11, 2013 5:29:20 PM
As I said all along, the OBS will stay with the old Lehman with whatever NOLs ( I don't think there will be any) and LAMCO will be given to all the reaffirmed debt. Think about it, selected debt is being shuffled around and positioned lately in lawsuit and through settlements.
The most successful BK thus far is GM and they are the good bank/ bad bank model. GM had huge paper movement just like what Lehman is doing now coming out of BK. The two most high profile BKs in this era are Lehman and GM....go figure...devil
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