Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

I think we are hair-splitting the separation of the Trust from LBHI to the extreme here. It is true that the TRUPS (CTs) by their very definition are administered and their 'special privileges & rights' safeguarded, as defined by the prospectus, by the Trust. BUT in the final analysis, the Capital (Both the Debt + Equity) raised by the securities defined by the TRUPS structure, is INHERENTLY part and parcel of LBHI's Capital structure and hence if & when LBHI enters a Bankruptcy, their listing on the exchanges has to be identified with the 'Q' in the ticker.