Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

Our trust is a vehicle to raise money. An investment bank created our trust for LBHI. It issued the common shares to LBHI and preferred shares into the open market to raise the money we gave to LBHI. LBHI then issued the subordinated debt for the money raised. The preferred shares are backed by the subordinated debt that is being held by LBHI in class 10b now. That is my understanding.

What is yours?