Lehman Brothers Financial SA (LEHNQ)

[hestheman]

Irish...Stockbum and I talked about this a few days ago. These Docs are the ECAPS subordinated securities (UK Trust Preferreds). ECAPS has many provisions similar to CTs in their prospectus. One such provision is that the subordinated guarantee shall terminate upon the dissolution of the issuer. The only reason ECAPS are in the position they are in is because their issuers (LBK UK IV and LB UK V) are dissolved. CTs issuer, Bank Of New York Mellon is alive and well....and so are our guarantees. Our claims cannot be expunged nor coverted to class 12.