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Strategies & Market Trends : Waiting for the big Kahuna
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To: Real Man who wrote (81422)10/6/2008 3:47:12 PM
From: KyrosL  Read Replies (1) of 94695
 
FNM and FRE CDS auction was today. That's the easy part since the default on their bonds was technical. The bonds have not lost any value. But LEH is on Friday. That's where we will have big fireworks, since they are trading at 20 cents on the dollar, and there are a few hundred billion of them.
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