Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Part of my joinder is about a cram down of a Holding Company that is not allowed to recapitalize by "funneling up" balances from profitable subsidiaries.

This particularly affects Tier-1 Capital.

So, the LBHI BK was forced by legislating against the US Holding Company for activities in the US that were widely practiced.

Furthermore, Legislators wanted the change or over rule covenants in Capital Trust offerings after billions of shares had been issued in the market.

IMO, Congress was "moving the goal posts."

The fact is, rights of a minority can be obscured, if not avoided, based on the agenda and public relations of a majority, even with misconstrued facts or false findings.

None of that means the impairment of the CT shares should stand.

IMO, there should be restitution for CTs.

mojo