Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

An excerpt from a document at “fdic.gov”


IM FULLY LOADED JOE! WANNA BUY SOME??

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Excerpt:

At the end of the deferral period, then, the TruPS investors would be left holding a deeply subordinated note of the BHC, which would be likely to absorb substantial loss in the event of the BHC’s failure.
As noted, however, all cumulative dividend arrearages must be paid in full if the BHC is to continue to operate as a going concern.