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Old 21st October 2008 | 21:20
  #1022 (permalink)  
ChrisLKKB
 
Joined: Aug 2008
Posts: 261
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From: between a rock and a hard place
Good news so far, Lehmans CDS turn out to be overstated and WaMu's may go the same way

UPDATE 1-Fears about Lehman CDS deadline overstated | Markets | Markets News | Reuters

alternative story

Lehman's massive credit default swaps settle smoothly - MarketWatch

however (before WWW beats his keyboard up)

Still, there are more companies at risk of default and more debt outstanding than in several years, and credit-default swaps may cause continued headaches for credit markets, said John Atkins, a fixed-income analyst at IDEAGlobal.
Going forward "workouts can be much more convoluted," he said. "This doesn't mean things can't go wrong."
Last edited by ChrisLKKB; 21st October 2008 at 21:33.
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