Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>"Status of the Guarantees
The guarantee will constitute an unsecured obligation of Lehman Brothers Holdings and will rank: subordinate and junior in right of payment to all other liabilities of Lehman Brothers Holdings,<<

Cotton, So you must agree that your guarantee is subordinate since you posted this. Since the CTs are subordinate, how do you justify thinking they should be in a higher class and on par with more senior debt???