Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Another tale or fact:

"The talk of unbelievable tales just keep rolling along."


1) LBI has a $201 million subordinate note that was not assumed by Barclays (claim # 5615) in September 2008.

Why? Barclays added line item 6 in the September 20, 2008 clarification letter to get around or break the terms of the LBI subordinate notes indenture (article ten). Can a contract be written to break a subnote indenture? tale or fact

2) Despite the fact that the SIPA Trustee demoted the LBI subordinate notes, a motion is still open on the LBI subnotes: docket 8485.

3) Will the oldest investment bank in America prevail (BBH, founded in year 1818)with motion 8485?

4) Will hope prevail?

5)Will justice/law prevail?

6) Perhaps, this is part of the reason why Barclays assumed liabilities of only $238 million versus billions.

It is easy to understand why you think that this Lehman bankruptcy reads like a tall tale, however, this is the real deal. Wakeup out of your dream and keep on reading.