Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

The common, the traditional preferreds, and the junior debtholders, which includes the CTs, have zero chance of seeing any recovery. Simple fact is that their is about $115 BILLION in more senior debt yet to be satisfied, with only about $2.2 bil projected yet to be liquidated to distribute to those creditors. Those numbers come from their most recent balance sheet.

Anyone that says differently has no idea what they are talking about, and insufficiently educated.