Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Maurice Winn	10/19/2008 5:14:13 PM
	1 Recommendation of 74559

Big Bang Wednesday as $360 billion of Lehman Brothers derivatives settle, or don't. My guess is that the credit default swaps will be like Y2K = threat of huge collapse but a fizzer. Some will go bust as the tide goes out and they are found to not be wearing a bathing suit after all. But it'll just be annoying for their counter parties [though a few might also go bust as a result in a daisy chain]. No big deal. Mqurice

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