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toogoodfella

08/25/18 3:47 PM

#80216 RE: toogoodfella #80215

Two hundred billionsss.. not two billion!! Lol!
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wayne49

08/26/18 3:19 AM

#80245 RE: toogoodfella #80215

I am not sure what the 2 billion is. But, you ask is it possible that there are billions in off balance sheet items? Yes. The next question you will ask is what? It can be other SPVs or derviative and certainly NOLs. They are off balance sheet because of the gray area between tax law and bk law. We went through this. This is also the case with other bk cases. There is a timing and recognition problem. There are other potential assets as well. I do not know the amounts exactly but do know off balance sheet items do exist for lehman. Weil said it. I am willing to bet the 55 billion in NOLs are there. Those are the legacy NOLs to boot.