Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

Let make this more complicated. LBHI reorganized and emerged from the bk but, they are still reorganizing until they exit. And, LBHI took selective discharges thus far as they wind down the subs. They did not fully discharge what they planned yet. Throughout the rest of the bk, the discharges will continue to be selective.

If Fail can have his way, he would discharge the subordinated debt. He can't now. Wu has gone on his own agenda and does not fear him or Chapman. We can say the same about waske on his appeal.