Replies to post #16886 on Lehman Preferred Series "J" Preferred (f

[JERSEYHAWG]

?

[joyceschoice]

Toogood - Since you're one of the numbers guys, what are your thoughts on this increase? Can you find the additional 40B or do you think it's wrong?

[DJN]

Marsal, who bills Lehman hourly, ended a fight for control of the firm’s $65 billion liquidation by taking some potential payments from bondholders including hedge fund Paulson & Co. to give to derivatives creditors such as Goldman Sachs Group Inc. The defunct firm said in September that holders of $140 billion in claims support its liquidation plan, due to be voted on in November.

http://www.businessweek.com/news/2011-10-24/lehman-paid-35-2-million-in-fees-to-advisers-in-september.html

Claim support of 140 billion per Linda Sandler.

[joyceschoice]

Why exactly is it scary now TooGood? A few I think have to this point survived the perfect storm.

[hestheman]

What is up with that? How did it go up 40 bil?