On Apr 30, 2009, at 7:06 PM, raghu wrote:
Can you explain how? News reports suggest that the renegade hedge funds are unlikely to make much more under bankruptcy than what the Treasury offered (around 30c on the dollar).
But if some of the renegades held credit default swaps that pay off in the event of bankruptcy, they're a lot better off now than they would have been.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
