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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (82277)	10/21/2008 3:03:21 PM
From: Cynic 2005	Read Replies (1) of 94695

<<The concern is whether the paying side of the swap will be able to make their payments. Swap sellers are required to make up the difference on the price of the debt if a company goes bankrupt. Because the price of the Lehman debt was set at 8.625 cents, it means Some of the biggest players on Wall Street will now have to pay 91-cents-on-the-dollar for those contracts, if they can afford to.>> cbsnews.com

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