Replies to post #80188 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

Inflated value”

No!! It was the actual book value. The thing that change was the market.
Since there is no certainty on what will be the resulting liquidation value of these asset, It will be better to make a safe estimate but try to make it better in the process.

[slimugrian]

Docket # 7531
Filed Mar 11 2010
Examiners Report / Report of Anton R. Valukas

Volume 2, page 214

(3) Summary of Findings and Conclusions
The Examiner finds insufficient evidence to support a finding that Lehman’s
valuations of its RWL, RMBS, CDO or derivative positions were unreasonable during
the second and third quarters of 2008. Although the Examiner identifies, and discusses
below, certain problematic issues related to the price testing of these asset classes, these
problems either did not impact the ultimate asset values determined or the resulting
valuation errors were immaterial.[color=red][/color]

[wayne49]

At the time, alot of the assets are RE or financial industry related/paper. They dropped over 60% and some at the time were deemed close to worthless which later proved to be untrue.