Replies to post #12885 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

GAAP [Federal Reserve] define the location of TPS equity in the LBHI Balance Sheets 2004 - 2007. A GPS system does not define the location of TPS equity - deconsolidation starting 2/29/2004.

The trust is Lehman because Lehman owns all of the common shares issued by the trust.

My final words on this topic!

[basha]

This is the only person who "tries to sprinkle water" on this matter.

[littledevils90210]

I disagree. Maybe you are the only person who dont get it...The statement can be flipped and go both ways I guess....go figure...devil

[stripus]

That is only true for the BNYM claims IMO. All those guarantee claims will fall on the equity side, and will therefore not be considered a duplicative claim. Kind of like betting on all the horses in the race. Possible double dip too.
Sorry to say your bonds do not have that "guarantee", and you have to hope the waterfall reaches you.
Hint, look into the one hundred and eighteenth omnibus filings.
By the way, I traded in my old Vega for a beautiful vintage 1965 Porsche, so I feel pretty good about things here.