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To: MythMan who wrote (386836)	5/22/2009 5:12:48 AM
From: Real Man	Respond to of 436258

GM should trigger a sizable CDS settlement, or is that a done deal already? The big ones can cause market crashes, but now that the Fed pays it all through AIG, who knows.

To: MythMan who wrote (386836)	5/22/2009 5:59:20 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

Well, in case of Nortel the CDS auction was held 25 days after bankruptcy. With GM unlikely to settle with the bondholders outside BK court, expect big derivative stuff in late June. A Krash. Another experiment of bankrupting "non-financial" company, GM, which is actually very, very financial, made all its money of GMAC, not selling cars, thanks to the credit bubble. I'm getting bearish for June. -g- On the other side, you are NOT fading Westy now? Wassup? He's a direct guru?