Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

COMPANIES ARE PAYING LEHMAN FROM 53% UP TO 80% to settle derivitives contracts with LEHMAN!

NEW YORK, Sept 21 (Reuters) - New York's cash-strapped Metropolitan Transportation Authority terminated three swaps with bankrupt Lehman Brothers (LEHMQ.PK) at a bigger discount than those negotiated by other public entities, the agency's finance director said on Monday.

While the nation's biggest mass transit only paid 53 cents on the dollar, other public agencies are paying from 60 to even 80 cents to end their Lehman swaps, Pat McCoy said at a webcast finance committee meeting.

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2131183920090921

The Perfect Storm...now playing to the upside!

Coach T