Lehman Brothers Financial SA (LEHNQ)

[marayatano]

Survive discharge? No offense, sub bonds and CTs are in the same boat. One sub bond is discharged, so are the rest. Remember? They are all in Class 10. One gets paid, they all get paid. One gets discharged, they all get discharged.

How can you get paid on a worthless guarantee if Class 10 gets discharged? If that happens, then there is no debt to guarantee.

If they pay on the guarantee, then the distribution gets reallocated to senior creditors.

You think you know more than the high paid layers who practice in the field of BK. You think the subject of guarantee never came up. Why do you think there was no claim on the guarantee? Because it was worthless.

The guarantee subject has been discussed way before you came on this board.

People have already contacted the attorney for BNY and CT trusts. Guarantee is worthless.

Don't believe me, contact the attorney yourself and ask.

Last week was, "we get paid because we are equity", yesterday, it was "because we have NOLs, today it is "we have guarantee", tomorrow is what? Time to face reality.

Keep drinking the koolaid.

imo