Federal Reserve 'rescues' sink speculators »
Posted by: berkeley 5 months agoYet an effect of both deals, should they go through, is the elimination of all outstanding credit default swaps on Bear Stearns and Countrywide bonds. Entities who wrote the insurance - and would have been required to pay out if the companies defaulted - are the big winners.
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berkeley
the propeller community is starting to breathe again, much to our relief. we are not out of the woods yet, nor are we quite into ...
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