Replies to post #2352 on Lehman Brothers Holdings Capital Trust III (LEHKQ)

[linda1]

Subordinate Claims are in a Class lower than the WMI Capital Trust and so they can't be the lowest form of debt.


I also meant to say Subordinate and not Junior.


"I happen to think that the WMI Capital Trusts were in a Class of their own because they were a Subordinate Claim with a Guarantee."