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coach tequila

09/09/09 10:11 AM

#1673 RE: DJN #1667

Great article Dnoto!

Three things stood out...

"The $3.5 billion in cash that the firm had a year ago, rose above $12 billion by the end of June and Lehman's loan portfolio has seen "improved market value", according to Alvarez & Marsal."

"The value of Lehman claims has actually soared in recent months, according to SecondMarket, which operates an exchange for creditors of bankrupt companies to trade their claims. When Lehman's holding company first filed for bankruptcy its claims traded below 10 cents on the dollar, but now they are trading closer to 20 cents on the dollar."

"Claims in Lehman Brothers Special Financing, which holds many of the Lehman derivatives, and Lehman Brothers Commodity Services, which holds many of Lehman's commodity trades, took off in April and are now trading for about 40 cents on the dollar, according to SecondMarket."

"But for Lehman, and its former employees, the more interesting question may still be whether they can ultimately find anyone responsible for the bank's collapse."

Gettin' better every day!

Coach T