maybe negative $10 Billion
THE SOUND OF SILENT DESPAIR
Lehman held $79.6 billion of mortgages and mortgage-backed securities on its books as of May 31, up 38 percent from six months earlier, according to its quarterly earnings filing with the Securities and Exchange Commission. It originated about $32 billion of residential mortgages in the period and almost doubled its commercial mortgage loans to $32 billion.
Looks like Lehman is going quietly bankrupt.
Still think it has a lot further down to go.
Seeing its main source of income has blown up in its face.
How much is that $80 billion in mortgages worth
50 Billion ????????? 40 billion??????
abandoned trashed gutted shells of burned-out foreclosed houses are tax and maintenance liabilities, not aSSets