'Lehman Bondholders Get Little Insight on Price From CDS Auction' Tiffany Kary
Oct 11 http://www.bloomberg.com/apps/news?pid=20601087&sid=a94veNnxI0NI&refer=home
[edited] " bondholders didn't get a clear indication of how much they will recover
in the firm's bankruptcy from an auction of...
NY Oct 8 (Reuters) - "The value of credit default swaps backed by defaulted
Lehman Brothers bonds will be set on Friday with protection sellers expected
to face massive losses of around 90% of the insurance they sold.
Bondholders have seen their investments virtually wiped out by Lehman's...
wonderful. where'd you write this stuff, in the pub or after they
threw you out ?
you're definitely addled, what's Australia got to do with anything ?
besides using camels for transportation, isn't their source of oil
Limeys who melt from the heat ?
thanks for that
but the current financial circumstances don't support a 'bull mkt' do they ?
the $'s been falling since 1985, the US appears to be bankrupt and in
meltdown, what currency do you want to convert your wealth to ?
gold's the obvious answer since it will rise if the $ falls...
i don't get it, how are they going to offer to make a market for a product
of unknown and suspect quality
when you b/s a contract of gold, it's what, 99.99% pure gold, all the way
through the brick, but some CDSs may be valued at say 92% and others
at xx% - who's to know, so how do they...
bandaids aren't staunching the haemoriging of the financial decapitation
some new crisis - large fed cut ? another bank fails ? - next week
everyone buys gold, the $ dumps and euro flies
the deleveraging is credit deleveraging isn't it ? financials trying to get out
from under their debt...