Replies to post #90291 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

It doesn’t mean that I agree with all you’re saying..

Like this:

LBHI is reorganized and discharged, but acting as plan administrator.

Lol!!! ...there is no sense at all.
Reorganized and discharged????

Acting as Plan administrator is correct though. But what’s the problem if the court ask the same employees to “change their hats” rather than to recruit people from the street to do the job?? It happens everywhere if situation needs it in fact.

[highwaymap]

Let make this more complicated. LBHI reorganized and emerged from the bk but, they are still reorganizing until they exit. And, LBHI took selective discharges thus far as they wind down the subs. They did not fully discharge what they planned yet. Throughout the rest of the bk, the discharges will continue to be selective.

If Fail can have his way, he would discharge the subordinated debt. He can't now. Wu has gone on his own agenda and does not fear him or Chapman. We can say the same about waske on his appeal.