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Re: Credit Default Swap (CDS) - Lehman Final Results In
From: David Farber <dave () farber net>
Date: Wed, 22 Oct 2008 20:17:51 -0400
Begin forwarded message: From: Steve Rayson <steverayson () hotmail com> Date: October 22, 2008 5:58:32 PM EDT To: <dave () farber net> Subject: RE: [IP] Credit Default Swap (CDS) - Lehman Final Results In http://dealbook.blogs.nytimes.com/2008/10/22/lehman-debt-swaps-settled-for-52-billion/Sellers of insurance on Lehman Brothers debt made net payments of $5.2 billion to settle an estimated $400 billion or more in credit default swaps, the Depository Trust and Clearing Corporation said Wednesday.
As predicted, the net payments were a fraction of the $400 billion. Its interesting to me that despite the fact that the Depository Trust and Clearing Corporation said this was going to happen, there was still lots of fear last week that the number was going to be in the 100's of billions.
-Steve ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
Current thread:
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 22)
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- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 23)
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 23)
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 23)
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 23)
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 23)
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 23)
- Re: Credit Default Swap (CDS) - Lehman Final Results In David Farber (Oct 24)