Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Barclays is old hat.

<<Barclays is paying $250m in cash and taking on $72bn in trading assets and $68bn in trading liabilities. They include mortgage assets, equities, corporate debts, government bonds and commercial paper.>>

Barclays coveted assets then didn't want to pay for it. $250m for a state of the art algo computerization system and $4B+ A/L?

Come on!

Yes, Barclays had a $7B deposit at JPM to buy a broker-dealer that JPM confiscated.

This is all coming up again because the Courts are finishing the "Non-Cash" sale.

Barclays should have bought the entire company and streamlined it.

Instead, they want to cherry pick, fire management, label assets as "toxic", blame accounting practices different from the UK, and leave the creditors in limbo or worse.

It's been going on 5 years.