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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