Lehman Brothers Financial SA (LEHNQ)

[marayatano]

It really depends on what Lehman's version of substansive consolidation will be (since not all of them are the same - case by case) and which subsidiaries will be included, if not all. Until then, we wont know if that class 3 is fully paid then class 5, etc.

Makes a small difference (old POR / new POR) if the there is a new class, ie junior subordinates, which would be lower than class 5 subordinates. Currently, subordinates and junior share a class.

imo