Replies to post #4889 on Lehman Preferred Series "J" Preferred (f

[surfstocks]

HMMMM 8% of the contracts were settled for 8B....going at that rate 100% would be around 47B. But they're aggressively trying to maximize the gains from the rest of the contracts so I gather they'll get more pennies on the dollar for those. We could be talking about more than 50B in cash for Leh's.

Yeah, I think we're in a good position.