Reggie On Lehman: "I can tell you who's holding the bag"

``As a continuation of the recent posts on credit default swap risks, I am releasing my proprietary study of Lehman's counterparties... We extracted data for individual companies (approx 100). Some of the companies (in addition to the stated exposure herein) have also disclosed expected losses or write-down on the corresponding Lehman exposure. In cases where this information was not available we have computed expected loss based on the recovery rate of 15 cents (US) on a dollar...''