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  • Reflation Is the Only Option [View article]
    "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?
    Nov 24 23:49 pm |Rating: 0 0 |Link to Comment
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