Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Thanks, Jersey.

This seems now like a more complicated program than what I understood before so I'll be continuing to read through this information.

It looks like cotton posted a very real concern about the guaranty of subordinate debentures as they relate to a more general, universal guaranty of Senior issues and issues in subsidiaries.

This is why my DD included repayment in bankruptcy precedents which are documented in the case of CTs.

So, IMO, for the LBHI not to pay the CTs would be similar to a health insurer who states they would pay for cancer treatment or a pre-existing condition and then declining to do so after the fact.

FWIW