Replies to post #77148 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>So JPM got the collaterals on their hands,<<

There is no collateral. This was an unsecured bond.
Also, the trustee only guarantees passing through to the CT holders what ever it receives from Lehman. They do not guarantee any payments themselves. Lehman is the guarantor and the BK cancelled those guarantees.