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SwissCheeseAccount

01/29/24 3:45 AM

#109792 RE: toogoodfella #109791

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Creditors will be unhappy. And may lose the motivation to Capitalize the new LBHI.



It wouldn’t matter because Lehman would then just have no debt and $15bil in issued preferred stock. They can just reorganize a company and sell common stock along with acquiring new debt.