Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Only if it went over the 5% on Common and 4.5% on Preferred. The other Covered Claims are unrestricted. That is why I think you see the big money going there first.

If an investor tried to come in to the "Pinks" with $500M it would blow the lid off because of the "illiquidity" of the Pink Sheets.

You can buy claims all day long with large money and know the price to a large extent.