Wednesday, July 29, 2009

Update: Corporate Bankruptcies




Recent CDS Auctions:

Lear Corporation CDS: 38.5 cents on the dollar

Six Flags, Inc. CDS: 14 cents on the dollar

Visteon Corporation CDS: 3 cents on the dollar

General Motors Corporation CDS: 12.5 cents on the dollar


I guess there is risk in lending to corporate America............

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