Lehman Brothers Financial SA (LEHNQ)

[etzetrade]

The only problem is that all those senior creditors are not paid in full. Therefore, they will compete with us in LAMCO. Either refloat their debts in LAMCO, then they still have the higher priority being paid then us. LAMCO will run out money, and waterfall may end before CTs. Or, we, including senior creditors, will be converted to commons for unpaid portion. The chance is slight unless there are a lot of hidden assets like WAMU.