Replies to post #80191 on Lehman Brothers Financial SA (LEHNQ)

[slimugrian]

IDK ... just quoting the report. Same Volume 2, page 211.

The Examiner analyzed Lehman’s valuation of the following asset categories:
commercial real estate (“CRE”), residential whole loans (“RWLs”), residential
mortgage-backed securities (“RMBS”), collateralized debt obligations (“CDOs”),
derivatives, corporate debt and corporate equity. The Examiner selected these asset
categories due to the relative size of each asset class and the risk of a valuation error in
light of deteriorating market conditions. Given that the primary purpose of the
valuation was to support the solvency analysis, the Examiner focused the valuation
analysis on the second and third fiscal quarters of 2008,727 except with respect to
Lehman’s valuations of its Archstone positions, which are addressed beginning with
the Archstone acquisition in October 2007


Anyway, after 8 years the examiner report is still interesting read. This Volume 2 has about 300 pages about Lehman asset valuation practices, mistakes and errors they made but in general like quoted in previous post the assests were valued correctly.