Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

Re:
Construction of the CTs' guarantee documents are intended to make all of LBHI's subsidiaries obligated to pay the CTs' funding back to the CTs' holders after a particular subsidiary has paid its existing liabilities in full.
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No Cotton.. it doesn’t matter where or how LEHMAN used the fund. It is Lehmans “debt” and “guarantee” and only Lehman is responsible to pay it.

There is also a “Subordinated debt agreement” between Lehman and the Trust to consider.

Very simple Cotton.