Umn..... People will go somewhere else for insurance, and the vultures will swoop in.
Tuesday, September 16, 2008
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2 comments:
Barclay's buying LEHMAN
it was just the vultures coming in, and they picked up the securities unit.
Same thing will happen to AIG.
I think the fed and treasury realized the Puking in the CDS market was more a logistical problem than anything.
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