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Replies to post #32604 on Lehman Brothers Financial SA (LEHNQ)
09/08/13 12:41 PM
If you went back to september 15, the projection was that creditors would get zero.
Now they will get over 20%. is this a five-year or 10- year process?
It has been five years.
Live TV Video ShowsPlaylist .Lehman Brothers Bankruptcy Five Years On
Has been a busy corridor for bankruptcy.
Our guest is harvey miller.
It is out of chapter 11, but it is still being administered.
Next week is the fifth year anniversary.
Since the chapter 11 plan was confirmed to back in december, there has been almost $43 billion a distributed to creditors.
Some compare your business to something out of a dickens novel.
It takes forever and everybody gets in an uproar about the fees.
I saw one billing that was when 8 $40,000 a day.
-- i saw one building that was $140,000 a day.
We do wonderful things with fees.
And they are are many things -- there are many people involved.
With lehman brothers, there were 150 people involved.
150 smart people.
Is there an ending to lehman brothers as one example?
Lehman brothers was a huge enterprise.
You had assets all over the world.
You had 80 insolvency proceedings around the world.
It was totally unplanned.
You have to nurture those assets to create value.
If you went back to september 15, the projection was that creditors would get zero.
Now they will get over 20%. is this a five-year or 10- year process?
It has been five years.
In the context of this kind of case, it is very fast.
There will probably be a recovery in the area of $80 billion.
That is not a big percentage.
So much to talk about with harvey miller.
Detroit and the airline business.
The day after samsung launched its galaxy watch.
09/08/13 12:50 PM
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