Mr. Math

Reflation Is the Only Option

"first the bankers must show us they have survived the next wave of CDS obligations coming due this week and next"

As documented by Barrons:

1) $400B in nominal Lehmans CDS value
2) 8 cents on the $ bond settlement
3) $6B changed hands

Is CDS really the problem, or is it just the Boogie Man of 2008?

Bank of America: Bank on This Opportunity

Yahoo reports that MER shareholders may reject the deal, in which case BAC gets ~20% of MER at ~$17 - a massive call that's $10 below today's close.

biz.yahoo.com/ap/08091...