Thursday, October 15, 2009

More Drama with Lehman?


I found out late, but this could potentially be good for Lehman bondholders... According to my calculations, the $46.2 billion that the Fed collected ahead of the bankruptcy filing could add another $0.38 on the dollar to Lehman's recovery value - for bondholders, that is.

The Fed should definitely get back in line with other creditors!!


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