Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Joe,

There you go again talking about the 2011 POR.

ECAPS were not going to get anything either and they are getting a distribution, Joe.

ECAPS are subordinated debt, have the same guarantee and Tier 1 Capital function as the CTs.

CTs also have the parity clause with all other preferred shares issued by subs or affiliates.

So, Joe, why did they pay the ECAPS they are paying?

GL.

mojo