Replies to post #11532 on Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

Remember, the vulture hedge funds were forced to submit to Peck and Lehman during the POR approval process when they bought thier debt and for how much (this was VERY unusual in BK). IMO, this is ultimately why they agreed to a capped recovery and the siphoning of lower classes $$ to higher classes was capped as well. It would not have been equitable.

Can't wait for end of Sept/early Oct. GLTA