Replies to post #110898 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE: 60 Billion..

Recovery of remaining asset was approximated 60B. But the goal was to take time and find the right market conditions to sell and liquidate all asset to maximize the recovery.

THE LAW REQUIRES TO PAY THE DEBT BEFORE THE DEBTOR CAN PAY ITSELF.

UNFORTUNATELY, AFTER 15 YEARS, THE RECOVERY WAS ONLY ABOUT 129B AND NOT ENOUGH TO PAY ALL OF THE DEBT.

ALL OF THE RECOVERED MONEY GOES TO PAY THE DEBT TO SATISFY THE CREDITORS. THEY DESERVE IT BECAUSE IT IS A BORROWED MONEY AND HAS NOTHING TO DO WITH LEHMAN BANKRUPTCY.