>>you transfer money from your account to a whole new account <<
This is what you and Wayne are missing. There is no transfer of money back the Lehman. LBHI paid cash for a claim. All Lehman receives back is a claim against the Lehman estate. A claim against itself.
Now explain to me how they would monetize that claim? All the cash they have must go to creditors. Even if they paid themselves a distribution on the claim (they can't because the claim is now cancelled), but saying they could it would be dollars going out the estate and dollars coming back in. It is a wash.
LOL. You have to laugh at the notion of buying the debt to retire when they have the discharge. The creditors can sue Weil for breach of fiduciary duties because they are taking the money that can be distributed to them and buying debt in which they can discharge at the end if they are planning to retire the debt. That is against any "common sense" and definitely against bk sense.
They are buying the claims for an reorg purpose. We discussed it can be for voting rights on the exit plan. Who knows. I am just waiting for the discharge. Good time to come. V.
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