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s404n1tn0cc

10/11/13 2:59 PM

#34853 RE: s404n1tn0cc #34852

Also note it had 639 BBBBillion in assets.

Bizreader

10/11/13 3:09 PM

#34855 RE: s404n1tn0cc #34852

Things have changed since this report from 3 years ago but he is correct: Bankruptcy laws must be changed!

jwnoble3

10/11/13 3:48 PM

#34859 RE: s404n1tn0cc #34852

15:25 mark of this video...Bryan Marsal (now CEO of Lehman). Describes the facet of the plan for illiquid assets. Package them up and give stock to creditors.

http://www.nytimes.com/video/2009/07/06/business/1194841374907/the-unwinding-of-lehman-brothers.html?ref=lehmanbrothersholdingsinc