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Pay-up time for Lehman swaps
October 21 sees the settlement of the credit default swaps (CDS) issued on Lehman Brothers debt...A CDS, or credit default swap, is essentially an insurance against losses if an issuer of debt goes bankrupt and cannot honor its obligations. Those who have sold the protection will then compensate the...
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By: city786
Report: U.S. bails out Citi with $20 bln capital, guarantees
about 1 month ago
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