BANKRUPTCY PLAYS

[lifegear]

the Lehman Capital Trust Preferred securities are at the top of bankruptcy distribution order

there are 4 of them having the same treatment LEHKQ LEHLQ LEHNQ LHHMQ -- all having $25 face value plus interest

the second in line are the traditional preferred securities LEHPQ LBHGP LEHCQ LEHDQ LEHFQ LEHGQ LEHJQ

at the bottom is the common stock LEHMQ

LEHFQ and LEHGQ are almost at the same price as the common LEHMQ