Lehman Brothers Financial SA (LEHNQ)

[marayatano]

FYI: Seniors get 100% of their allow claims plus interest, not only $65 billion.

So if creditors get only $65 billion projected or 20ish %, then that means there is about 80ish % deficit. When that 80ish % is paid in full, then it will trickle down to subordinates.

Good day.

imo

[however remember that initial recoveries to the CTS will be reallocated to Senior Classes and so that may constitute a recovery under the Plan]

My thought was that the senior classes get $65b and that's it, end of story. Once that's done, that's it. Ab