Replies to post #15329 on Lehman Preferred Series "J" Preferred (f

[linda1]

I took accounting in Senior High and in my Post-Graduate Education and I still don't understand your calculations.



Precisely what game are you insinuating with the big boys?

[the_doctor]

'You misunderstood the 253B asset by saying it's all "book values" This is the real amount to pay the Liability of 307B and it is short of 54B... It is a fact. '

Toogood, that is how I understood it also - maybe I am too optimistic. But in today's accounting, the Book value should be mark to market, so it is what you can sell the assets for at this time.

[linda1]

It is also a fact that the $ 253 B of assets listed on the Balance Sheet does not match what the Debtors are saying the market value of the assets are - $ 60.1 B.