"They certainly could have terminated the contract...and re-hedged, but they elected not to, because they would have had to pay the estate money, and so they're trying to have their cake and eat it too."
--Robert Lemons, partner at Weil, Gotshal & Manges, counsel for Lehman Brothers, on why he thinks swap counterparties are unjustified in ceasing payments to the bankrupt firm.
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