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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: carranza2 who wrote (70359)9/14/2008 3:29:59 PM
From: Riskmgmt  Read Replies (1) of 74559
 
<<I think that the prospective purchasers and LEH have no idea what their CDS exposure might be or, more likely, are certainly not being candid with each other or, even more likely, have no clue who has CDS backing up the one behind. A true house of cards.>>

Barclay's came to the same conclusion.

news.bbc.co.uk

Asia markets could be a mess if they don't get a deal done before the open. So much for the strong dollar.
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