No. of Recommendations: 0
Thanks, Jack, for your input. Truth be told, we held a Lehman bond to the bitter end believing that it would be bought or bailed out so while I don't normally watch the trading value, I certainly want to keep an eye on it when it drops significantly. Of course, I have no real plan to sell it at a specific point either.

I guess I was hoping for confirmation of what my broker told me: that the parent company, in which I'm more confident, IS responsible for the debt of it's subsidiaries. Are you saying maybe, maybe not?

papabags
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