The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Perspective who wrote (164502)	11/15/2008 10:17:04 AM
From: Bank Holding Company	Read Replies (1) of 306849

Speaking of Zero.... The Creditors of Lehman Can Do Little but Wait By JULIA WERDIGIER Published: November 14, 2008 LONDON — Creditors of Lehman Brothers’ international business, arriving at London’s gigantic O2 concert hall on Friday, had no illusions about getting their money back any time soon. Credit Crisis — The EssentialsIn a three-hour meeting in a hall usually reserved for rock bands like the Who, Lehman’s administrators explained to about 1,000 creditors that dismantling the bank’s European business would take “many years.” This is at least “ten times more complex than Enron,” the administrators from PricewaterhouseCoopers said, adding that they had no idea what the company’s total liabilities may be. nytimes.com

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