Lehman Brothers Holdings Inc. (fka LEHMQ)

[MonkeyNinja]

I disagree that capital trusts have to be paid in full before other share classes see anything. Looking at the current proposed deal in the Washington Mutual case (that IMO will not be accepted) the capital trusts are being paid at around 80% while the preferreds shares would receive between 10% and 20% payout and seemingly nothing for the commons... Unless, Lehman is a straight liquidation case, then it would follow the ladder paying each class in full, leaving the rest for commons. All in my opinion.