2008-09-10blogspot.com

"After the Paulson/Fed sponsored shotgun marriage the Bear Stearns CDS collapsed. As with Fannie and Freddie, those betting on the demise of Bear Stearns were correct. Those betting via credit default swaps at the wrong time had their head handed to them. This is just something to keep in mind going forward when attempting to find meaning in various CDS issues."



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