Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

I think you are right on the mark with everything but the 39 Trillion in notional derivatives. I don't know if that will add or subtract from the pie. Even Mr. Marsal is scratching his head on that one.

My hope is that most contracts that had collateral netted out unilaterally by counterparties that did not properly "terminate" including price agreement will be able to benefit LEHMAN by the improved market conditions.

Not really sure how it will play out. I would think the creditors update coming tomorrow the next day will address it.

Coach T