Replies to post #48538 on Lehman Brothers Financial SA (LEHNQ)

[irishintelligence]

So this remains speculation based on your view of the reading a separate situation.

I do believe it is interesting that a reserve for CTs exists. Beyond that...nothing here. Its a money movement to increase return.

[Joe Stocks]

What you are missing is that the CT junior bonds are NOT in default, The dividends are NOT being deferred. There is NO interest accumulating. The junior bonds are no longer... they are dead. They have been replaced by the class 10b claim. The ONLY right to recovery the CTS holders have come through the class 10B allowed claim. There is no dispute in the courts as to how much that cliam is, and what priority it will see for distribution.

And what a stretch to use this "exhibit C' to support your argument. That section C came from the JPM creditor's claim against the Lehman estate. Section C is simply a list of securities in which JPM was an underwriter and claiming that if any securities law was infringed they may come back on Lehman with an additional claim. They document was from 2009 and no action to that part of the claim has never been taken that would influence in any way that they have any link to the CTs.

You guys see the CTs mentioned anywhere and you start imagining links that do not exist.