Replies to post #48112 on Lehman Brothers Financial SA (LEHNQ)

[rlinterests]

chaarles, you beat me to it.

JPMC is not our guarantee trustee. The guarantee as shown in the prospectus has been adjudicated and the CT trustee was awarded an allowed 10b claim.

Still, would like to post my thoughts.

So JPMC is not our guarantee trustee and the CT trustee was awarded, an allowed 10b claim which per the POR is worth $0, nothing? Nice. Nice award.

And all within a Plan of Reorganization that we were not allowed to vote on and have no say.

Joe, are you f****** kidding me?

[rlinterests]

INCORRECT, JPM is a codebtor of the Guarantor LBHI as per the Underwritting Agreement signed between the Trust, LBHI and JPMSI and its predecessor BSC. That's why JPM is holding over 1,8 billion in collateral to cover claim 66455.

Nice.

This word codebtor is what its about(IMO).

Has nothing to do with the POR(IMO).

Now, I know your not a big fan of Jamie D.

But, can you see him allowing LBHI and Barclay to stick him with the responsibility,as codebtor, of paying off the CT's?

And, as LBHI pays out billions and billions to whom they chose.

I would think he would be just a little bit pis*** off.

But, then again, as some posters had stated, there is no major institutional interest in the CT's.